1975 (8) TMI 6 - HC - Income Tax

Summary

The High Court of Calcutta ruled that the notice issued under section 148 of the Income-tax Act was valid, even though the assessee had the privilege to file the return until March 31, 1968. The assessment was deemed to be made pursuant to the return filed in response to the notice. The application was dismissed, and no costs were awarded. An interim order was vacated, and the security deposit was to be appropriated against the dues for the assessment year 1963-64.