https://www.taxtmi.com/caselaws?id=39997 Amendments to the agricultural income scheme removed the earlier restriction on varying the assessee's chosen method of computation, so a declaration filed with a valid later return could change the option first indicated. A return submitted in response to notice under section 15(3) was treated as a fresh, timely return, and earlier participation in the proceedings did not amount to waiver of the right to alter the option. The best judgment power under section 16(4) did not nullify that right; it required due regard to the prescribed provisional estimate, but not rigid adherence to the earlier option. en-us Wed, 18 Oct 1978 00:00:00 +0530 Mon, 04 Aug 2014 17:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39997 Amendments to the agricultural income scheme removed the earlier restriction on varying the assessee's chosen method of computation, so a declaration filed with a valid later return could change the option first indicated. A return submitted in response to notice under section 15(3) was treated as a fresh, timely return, and earlier participation in the proceedings did not amount to waiver of the right to alter the option. The best judgment power under section 16(4) did not nullify that right; it required due regard to the prescribed provisional estimate, but not rigid adherence to the earlier option. Case-Laws Income Tax Wed, 18 Oct 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39997