Taxpayer's Past Declarations Don't Bind Current Year; No Estoppel Against Statute; No 'Colourable Device' Found.

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....Merely because certain income had been offered voluntarily by the assessee in the returns filed for subsequent years, that would not bind assessee for the year under consideration as there is no estoppel against the statute and the said change in stand in the peculiar facts and circumstance of the instant case cannot be termed as 'colourable device' - AT....