2011 (1) TMI 80 - HC - Income Tax

Revised return - surrendered rupees one lakh which was earlier shown as gift this was about two years prior to the notice dated 25.2.2004 under section 148 of the Act. In the assessment orde in pursuance of notice u/s 148 of the Act the income was assessed to Rs. 13, 11, 000/- which is 11 thousands more then the revised income shown by the assessee - smallness of the amount involved Appeal dismissed

Summary

The High Court of Allahabad dismissed an appeal against an Income Tax Appellate Tribunal order for the assessment year 2001-02. The assessee filed a revised return surrendering an additional sum of one lakh rupees before receiving a notice under section 148 of the Income Tax Act. The court found no justification to entertain the appeal due to the small amount involved.