https://www.taxtmi.com/caselaws?id=28715 Income earned in Daman for the previous year ending 31 December 1962, though assessed under local law, was held excluded from total income for rate purposes under the Income-tax Act, 1961 read with the Taxation Concessions Order, 1964, because the concession exempted income already chargeable and assessed locally from assessment under the Act. The Court treated that income as distinct and not part of the assessee's total income for computing the tax rate, answering the issue in favour of the assessee. It was also held that interest levied under sections 139(1) and 217 could be challenged in an appeal against the assessment order as a whole, again in favour of the assessee. en-us Wed, 16 Jun 1982 00:00:00 +0530 Thu, 25 Feb 2010 10:57:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28715 Income earned in Daman for the previous year ending 31 December 1962, though assessed under local law, was held excluded from total income for rate purposes under the Income-tax Act, 1961 read with the Taxation Concessions Order, 1964, because the concession exempted income already chargeable and assessed locally from assessment under the Act. The Court treated that income as distinct and not part of the assessee's total income for computing the tax rate, answering the issue in favour of the assessee. It was also held that interest levied under sections 139(1) and 217 could be challenged in an appeal against the assessment order as a whole, again in favour of the assessee. Case-Laws Income Tax Wed, 16 Jun 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28715