https://www.taxtmi.com/caselaws?id=37066 A notice for premature assessment of a discontinued business could validly be issued before the assessment year began under the Indian Income-tax Act, 1922, because section 22(2) operated independently of section 22(1). Section 25(1) also permitted assessment on the income of the broken period between the end of the previous year and discontinuance. The assessment and the assessee's liability were not conditional on the validity of the notice, and a return filed in response to the notice did not become ineffective merely because the notice was challenged. Refusal of registration was consequential to the assessment result and could not stand independently once the assessment issue was considered. en-us Fri, 13 Jul 1979 00:00:00 +0530 Fri, 26 Mar 2010 12:05:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37066 A notice for premature assessment of a discontinued business could validly be issued before the assessment year began under the Indian Income-tax Act, 1922, because section 22(2) operated independently of section 22(1). Section 25(1) also permitted assessment on the income of the broken period between the end of the previous year and discontinuance. The assessment and the assessee's liability were not conditional on the validity of the notice, and a return filed in response to the notice did not become ineffective merely because the notice was challenged. Refusal of registration was consequential to the assessment result and could not stand independently once the assessment issue was considered. Case-Laws Income Tax Fri, 13 Jul 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37066