1944 (2) TMI 18 - HC - Income Tax

Summary

The High Court of Madras ruled that the assessment made on the assessee under Section 41(1) of the Income-tax Act was incorrect as the section was amended after the assessment was done. The court held that the assessee, acting as the executor of a will, was not liable to be assessed at the maximum rate under Section 41(1). The court attributed the mistake to both the Income-tax Officer and the assessee.