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Showing contexts for: revised return when valid in Commissioner Of Income-Tax, Bombay ... vs V.H. Sheth And Others on 6 February, 1984Matching Fragments
3. This Circular set out in the above paragraph is binding on the I.T. Department as per the decisions of the Supreme Court in the cases of Navnit Lal C. Zaveri v. K. K. Sen, AAC of I.T. and Ellerman Lines Ltd. v. CIT [1971] 82 ITR 913. In view of this, it is clear that the ITO was not entitled, in the facts and circumstances of the case, to tax the assessee as an association of persons. In view of this conclusion, question No. 1 sought to be referred becomes academic because the same position would prevail whether the revised return was valid or not.