1975 (8) TMI 2 - HC - Income Tax

Summary

The High Court of Karnataka quashed a notice issued by the Agrl. ITO, Bijapur, to produce account books related to agricultural income of a joint family post a partition, as the notice was not valid under Section 37 of the Karnataka Agrl. I.T. Act. The court held that Section 37 does not allow for fresh assessment when income has escaped assessment, and since no assessment was made for the family income until the partition, the notice was quashed. (Case: 1975 (8) TMI 2 - KARNATAKA High Court)