2001 (2) TMI 65 - HC - Income Tax

Summary

The High Court of Madras held that the Income-tax Officer was justified in declining a request to change the previous year due to a long delay in making the request. The court ruled in favor of the Revenue, stating that allowing the change would result in loss to the Revenue. The judgment affirmed the Tribunal's decision to reject the assessee's request for the change in the previous year.