The spreadover of income.

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..... on this subject. It is clearly stated in the above mentioned circular that a spreadover of income is justified if there are reasons to believe that the said income was in fact earned during the years for which the spreadover was that the income should not ordinarily be spreadover for more than 8 years and in case the CIT was of the view that spreadover should be granted for more than 8 years, the .....

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..... nable basis and has to be avoided. Subject to this remark if there is circumstantial evidence such as large sales licences quotas etc. in the earlier years which would indicate that income could have been earned in more than one year, a spread over would be justified and may be granted by the CsIT within their discretion upto 8 years. - Circular - Trade Notice - Public Notice - Instructions - Of .....

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