https://www.taxtmi.com/caselaws?id=37807 The High Court ruled in favor of the assessee, holding that it was entitled to close its accounts on November 5, 1962, for the assessment year 1963-64 without obtaining the ITO's consent as per Section 3(4) of the I.T. Act, 1961. The court awarded costs to the assessee, including advocate's fee. en-us Tue, 12 Apr 1977 00:00:00 +0530 Thu, 01 Apr 2010 12:08:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37807 The High Court ruled in favor of the assessee, holding that it was entitled to close its accounts on November 5, 1962, for the assessment year 1963-64 without obtaining the ITO's consent as per Section 3(4) of the I.T. Act, 1961. The court awarded costs to the assessee, including advocate's fee. Case-Laws Income Tax Tue, 12 Apr 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37807