DELHI CLOTH & GENERAL MILLS CO. LTD. vs STATE OF U.P. & ORS.

The Supreme Court held that an assessee has the right to change its option by filing a fresh or revised return before the assessment is completed, contrary to the High Court's Division Bench ruling. The Court clarified that the restrictions on changing options under the original proviso to Section 6(1) had been removed, allowing for valid changes in options as long as the return is validly submitted. The Court allowed the appeals, stating that the assessing authority must make assessments in accordance with Section 6(2)(a) and (3) regardless of any prior option exercised under Section 6(1).