1998 (3) TMI 83 - HC - Income Tax

Summary

The High Court of Madras ruled in favor of the Revenue in a case involving assessment year 1979-80. The court upheld that the assessment made by the Income-tax Officer was within the time limit as per section 144B and section 153 of the Act. The court rejected the assessees' claim that the assessment was barred by limitation. The Revenue was awarded costs of Rs. 750.