https://www.taxtmi.com/caselaws?id=36846 The High Court of Kerala ruled in favor of the department, holding that the circular issued by the CBDT was not applicable to the reassessments for the years in question. The court emphasized the importance of assessing income based on the provisions in force during the relevant assessment years, highlighting the significance of timely circulars and their impact on assessment procedures. en-us Thu, 25 Oct 1979 00:00:00 +0530 Thu, 25 Mar 2010 10:17:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36846 The High Court of Kerala ruled in favor of the department, holding that the circular issued by the CBDT was not applicable to the reassessments for the years in question. The court emphasized the importance of assessing income based on the provisions in force during the relevant assessment years, highlighting the significance of timely circulars and their impact on assessment procedures. Case-Laws Income Tax Thu, 25 Oct 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36846