THE FIRST ADDITIONAL INCOME-TAX OFFICER, MYSORE vs H.N.S. IYENGAR

The Supreme Court interpreted Section 34(1)(a) of the Indian Income-tax Act, 1922, determining that the phrase 'for any year' refers to the assessment year rather than the accounting year. The Court held that the limitation period for issuing a notice for income escaping assessment is based on the assessment year, which is distinct from the accounting year. The appeal by the Income-tax officer was allowed, overturning the High Court's decision that favored the respondent.