https://www.taxtmi.com/caselaws?id=26869 When a taxpayer's request to change the previous year from the Diwali year to the financial year is accepted, the assessing authority may lawfully impose a condition that the income for the entire intervening period up to the end of the new accounting year will be assessed in one assessment year. On that basis, the Income-tax Officer could make a single assessment for a period exceeding twelve months by treating the extended period as the previous year for the relevant assessment year. The assessment for the extended period was therefore treated as valid, and the challenge failed. en-us Fri, 24 Jan 1986 00:00:00 +0530 Tue, 09 Feb 2010 10:28:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26869 When a taxpayer's request to change the previous year from the Diwali year to the financial year is accepted, the assessing authority may lawfully impose a condition that the income for the entire intervening period up to the end of the new accounting year will be assessed in one assessment year. On that basis, the Income-tax Officer could make a single assessment for a period exceeding twelve months by treating the extended period as the previous year for the relevant assessment year. The assessment for the extended period was therefore treated as valid, and the challenge failed. Case-Laws Income Tax Fri, 24 Jan 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26869