https://www.taxtmi.com/caselaws?id=49618 A voluntary return filed under the return provision operates as a valid return of income and removes any statutory omission or failure that would trigger a notice for escaped assessment; consequently, a notice issued after such a voluntary return cannot be used to extend the assessment limitation period and any assessment founded solely on that post filing notice falls outside the statutory time limit and is invalid. The analysis distinguishes returns filed within the return regime from notices issued for omitted or escaped income and confines extended limitation periods to cases where no valid return was in law. en-us Fri, 08 May 1959 00:00:00 +0530 Thu, 04 Sep 2014 12:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49618 A voluntary return filed under the return provision operates as a valid return of income and removes any statutory omission or failure that would trigger a notice for escaped assessment; consequently, a notice issued after such a voluntary return cannot be used to extend the assessment limitation period and any assessment founded solely on that post filing notice falls outside the statutory time limit and is invalid. The analysis distinguishes returns filed within the return regime from notices issued for omitted or escaped income and confines extended limitation periods to cases where no valid return was in law. Case-Laws Income Tax Fri, 08 May 1959 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49618