https://www.taxtmi.com/caselaws?id=37751 The Business Profits Tax Act assessment scheme required notice under section 11(1) to be issued within one year from the end of the chargeable accounting period, and regular assessment to be completed within four years. Reading the notice, escaped assessment and refund provisions together, the controlling Supreme Court authority held that an indefinite delay in regular assessment would undermine the refund remedy and defeat the statutory scheme. On that basis, the regular assessment had to be made within four years of the end of the chargeable accounting period, and the limitation question was answered in favour of the assessee; the remaining question was treated as academic. en-us Mon, 28 Aug 1978 00:00:00 +0530 Wed, 31 Mar 2010 17:41:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37751 The Business Profits Tax Act assessment scheme required notice under section 11(1) to be issued within one year from the end of the chargeable accounting period, and regular assessment to be completed within four years. Reading the notice, escaped assessment and refund provisions together, the controlling Supreme Court authority held that an indefinite delay in regular assessment would undermine the refund remedy and defeat the statutory scheme. On that basis, the regular assessment had to be made within four years of the end of the chargeable accounting period, and the limitation question was answered in favour of the assessee; the remaining question was treated as academic. Case-Laws Income Tax Mon, 28 Aug 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37751