https://www.taxtmi.com/caselaws?id=36531 Section 2(o) of the Agricultural Income-tax Act treats the previous year as the twelve months ending on 31 March unless the assessee has accounts made up to another date within that period and validly adopts that alternative basis. Where no accounts are maintained, the statutory condition for using a different previous year is absent. A prior Malayalam-year assessment of a different assessee, including a joint family, cannot extend that basis to an assessee who kept no accounts. The assessee was therefore not entitled to compute the previous year on the Malayalam era basis, and the Tribunal's contrary view was wrong. en-us Wed, 25 Oct 1978 00:00:00 +0530 Tue, 23 Mar 2010 10:35:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36531 Section 2(o) of the Agricultural Income-tax Act treats the previous year as the twelve months ending on 31 March unless the assessee has accounts made up to another date within that period and validly adopts that alternative basis. Where no accounts are maintained, the statutory condition for using a different previous year is absent. A prior Malayalam-year assessment of a different assessee, including a joint family, cannot extend that basis to an assessee who kept no accounts. The assessee was therefore not entitled to compute the previous year on the Malayalam era basis, and the Tribunal's contrary view was wrong. Case-Laws Income Tax Wed, 25 Oct 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36531