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1962 (1) TMI 8 - SC - Income TaxWhether the assessee had fully and truly disclosed all material facts necessary for the assessment? Held that:- The Tribunal examined all the relevant materials produced by the assessee at the time of the original assessment and came to the conclusion that there was no omission or failure on the part of the assessee to disclose fully and truly all material facts necessary for his assessment. The Tribunal referred to the account books produced by the assessee and particularly to the report of the examiner of accounts who submitted a report to the Income-tax Officer with regard to the bank account of the assessee in the Exchange Bank of India and Africa Ltd. In our opinion, in the circumstances of this case the question whether the assessee had or had not failed to disclose fully and truly all material facts necessary for his assessment was a question of fact and we are unable to accept the argument of the learned advocate for the appellant to the contrary. No question of law arose in this case and the High Court of Bombay rightly rejected the petition under section 66(2) of the Income-tax Act. Appeal dismissed.
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