Assessment u/s 143(1).

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..... e following points. The replies to the points raised are given against each:- POINT RAISED REPLY 1. The word "last assessed income" appearing in the Circular requires certain clarification. According to The suggestion the Departmental practice the word "last assessed income" is accepted. is taken to be as per the last assessment completed on the first day of the financial year. It can also .....

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..... ether the cases coming under item (d) are above. "Pro- exempted from the restriction mentioned at item (a). This vided that may be made clear. one assessment are pending in a Partners'case and the returned income for any one of these years exceeds Rs.10,000 (Rs.15,000 for the cities of Bombay- and Calcutta) the case will go out of the purview of the scheme". 3. It is stated that Hindi loans or c .....

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