Procedure in cases of hijri year taken as previous year and where financial year adopted in place of hijri as previous year.

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..... ).* 2. It would be observed that while delineating the procedure to be followed in switching over to the financial year as previous year from the Hijri year, it was directed that in the first assessment to be made after the change, the income of the period prior to the financial year not assessed in the earlier assessment plus the income of the relevant financial year should be taken as total in .....

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..... are not with reference to the financial year but with reference to the assessment year. The income of the entire previous year relevant to the assessment year concerned has, therefore, to be charged as one unit at the rates prescribed in the Finance Act. 4. These instructions may please be brought to the notice of all the officers working in your charge. *XII/II/59: Previous year-loss of reve .....

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..... the total income which should be assessed at the rate applicable to the income of the 12 months of the financial year. (iii) Similarly, if in the first assessment to be made under the new procedure, the income of any particular period which has already been assessed for the preceding assessment year has to be considered, it will be taken only for rate purposes; (iv) The procedure to be followe .....

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