1998 (11) TMI 14

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.....--- The assessment year with which we are concerned is 1963-64, 34 years have gone by. The Tribunal made its order in the year 1981. 17 years have lapsed since then. The Revenue has collected tax from each of the two individuals in respect of half share of the income derived from the business carried on by them in the name of Nayan Engineering Works. Long after that relevant assessment year, p....

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....hat the assessment must have become final is fully justified and is reasonable. The second question is answered against the Revenue. As regards the first question, counsel contended that the Revenue always has the right to tax the right person and, therefore, this assessment was rightly made. Though the Revenue is right in normal circumstances, having regard to the passage of time of over three....