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SourceLaw Dictionary Browse Letter A

Assessment Year

Legal definition for Indian law research

Definition

Assessment year, means the period of twelve months commencing on the 1st day of April every year. [Wealth-tax Act, 1957 (27 of 1957), s. 2 (d)]

Assessment year is a standard period of 12 months commencing on 1st April of every year, Premier Cable Co. Ltd. v. Commissioner of Income Tax, (1999) 3 SCC 367.

Definitions are for legal research. Always verify meaning in the context of the statute, judgment, or jurisdiction cited.

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