Supreme Court Allows Assessee's Appeal in Income Tax Provisional Assessment Case — Income-tax Officer Cannot Adjudicate Disputed Loss Claims Under Section 141 of Income-tax Act, 1961. Provisional Assessment Must Be Based on Return and Documents Without Enquiry into Disputed Questions of Law and Fact, and Section 80 Bar on Carry-Forward of Loss Applies Only to Regular Assessment.
24 Sep 1968The appellant, a cement company, filed income tax returns from 1954-55 to 1964-65. Assessments for 1954-55 to 1959-60 were made but were under appeal....
