1969 (8) TMI 26

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....e under section 256(1) of the Income-tax Act, 1961, hereinafter called " the Act." The question of law referred to this court reads: "Whether, on the facts and in the circumstances of the case, was the assessee-firm correctly assessed to tax for the assessment year 1963-64 in the status of an unregistered firm? " In our opinion, the question of law that arises out of the order of the Tribuna....

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....9, 1964, the Income-tax Officer made an order of assessment under section 144. That order was served on the assessee on March 12, 1964. On the said date, viz., March 12, 1964, the assessee filed a return of its income for the assessment year 1963-64. It is relevant to state that the Income-tax Officer while making the best judgment assessment under section 144 of the Act assessed the firm in the s....

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....ourt which we have set out earlier. We have recast the question since the question of law that arises out of the order of the Tribunal is whether the registration granted to the firm for the assessment year 1962-63 shall have effect for the subsequent year, viz., assessment year 1963-64, on the facts and in the circumstances of the case. The Act of 1961 has made a change in regard to the regist....