https://www.taxtmi.com/caselaws?id=57616 The Tribunal affirmed the Assessing Officer's method for computing total income for the transitional year 1989-90, ruling that the procedure was in accordance with the law and prevented unrealistic outcomes. The Tribunal held that the entire income for the previous year should be considered, with adjustments made to align the total income to a 12-month level. The Tribunal rejected the appellants' arguments, emphasizing that the method adopted by the Assessing Officer was fair and consistent with statutory provisions. Consequently, the appeals were dismissed in favor of the Department. en-us Wed, 20 Oct 1993 00:00:00 +0530 Sat, 11 Dec 2010 11:38:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57616 The Tribunal affirmed the Assessing Officer's method for computing total income for the transitional year 1989-90, ruling that the procedure was in accordance with the law and prevented unrealistic outcomes. The Tribunal held that the entire income for the previous year should be considered, with adjustments made to align the total income to a 12-month level. The Tribunal rejected the appellants' arguments, emphasizing that the method adopted by the Assessing Officer was fair and consistent with statutory provisions. Consequently, the appeals were dismissed in favor of the Department. Case-Laws Income Tax Wed, 20 Oct 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57616