1982 (9) TMI 128

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....ear is the previous year. Assessee is a firm. On the application for registration, the ITO refused to grant registration. Assessment was completed by the ITO as per order dt. 29th Nov., 1978 determining total income at Rs. 49,950 as rounded off, as against declared income of Rs. 38,140. It was a best judgement assessment. Assessment came to be completed under s. 144, IT Act on the reasoning that n....

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....the assessment after giving a reasonable opportunity to the assessee firm. 4. Revenue is aggrieved from aforesaid finding. Learned departmental representative submitted that in addition to going in appeal against the best judgement assessment, assessee firm had also moved before the ITO an application under s. 146 for cancellation of the said assessment and that the ITO had dismissed that applica....