https://www.taxtmi.com/caselaws?id=290961 A return filed before assessment under section 22(3) was treated as timely, and a default assessment under section 23(4) could not be sustained unless the assessee was given a reasonable opportunity to produce the books and supporting evidence. A notice requiring compliance by the next morning, in the context of a business with a head office and branches, was held too short to constitute a reasonable opportunity. Earlier non-compliance with a books notice did not, by itself, justify disregarding a duly filed return or proceeding straight to a default assessment. en-us Tue, 21 Jul 1931 00:00:00 +0530 Fri, 23 Oct 2020 13:08:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290961 A return filed before assessment under section 22(3) was treated as timely, and a default assessment under section 23(4) could not be sustained unless the assessee was given a reasonable opportunity to produce the books and supporting evidence. A notice requiring compliance by the next morning, in the context of a business with a head office and branches, was held too short to constitute a reasonable opportunity. Earlier non-compliance with a books notice did not, by itself, justify disregarding a duly filed return or proceeding straight to a default assessment. Case-Laws Income Tax Tue, 21 Jul 1931 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290961