https://www.taxtmi.com/caselaws?id=28466 The High Court held that the assessment made by the Income Tax Appellate Tribunal for the assessment year 1967-68, based on a changed previous year, was legal under the Income Tax Act, 1961. The Court found that the Income Tax Officer's actions and the voluntary change by the assessee implied consent, as per relevant legal provisions. The judgment emphasized the importance of implied consent in altering the previous year for assessment, ultimately ruling in favor of the Department and awarding costs accordingly. en-us Tue, 15 Dec 1981 00:00:00 +0530 Mon, 22 Feb 2010 18:09:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28466 The High Court held that the assessment made by the Income Tax Appellate Tribunal for the assessment year 1967-68, based on a changed previous year, was legal under the Income Tax Act, 1961. The Court found that the Income Tax Officer's actions and the voluntary change by the assessee implied consent, as per relevant legal provisions. The judgment emphasized the importance of implied consent in altering the previous year for assessment, ultimately ruling in favor of the Department and awarding costs accordingly. Case-Laws Income Tax Tue, 15 Dec 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28466