https://www.taxtmi.com/caselaws?id=56542 A provisional assessment under the Business Profits Tax Act, 1947 operates independently for collection purposes and is not extinguished by a later regular assessment. Because the provisional assessment is not appealable and continues until substituted by a valid regular assessment, quashing the regular assessment as void or non est does not affect its survival. Amounts paid under the provisional assessment therefore remain valid, and any recovery or refund depends only on the statutory scheme. The same approach was supported by earlier analogous case law on provisional and regular assessments under similar taxing statutes. en-us Sat, 30 Oct 1982 00:00:00 +0530 Sat, 04 Dec 2010 13:09:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56542 A provisional assessment under the Business Profits Tax Act, 1947 operates independently for collection purposes and is not extinguished by a later regular assessment. Because the provisional assessment is not appealable and continues until substituted by a valid regular assessment, quashing the regular assessment as void or non est does not affect its survival. Amounts paid under the provisional assessment therefore remain valid, and any recovery or refund depends only on the statutory scheme. The same approach was supported by earlier analogous case law on provisional and regular assessments under similar taxing statutes. Case-Laws Income Tax Sat, 30 Oct 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56542