TMI Blog2002 (5) TMI 818X X X X Extracts X X X X X X X X Extracts X X X X ..... ential premises of the assessee who is an employee of Dharnendra Group of Industries, wherein search operations were carried out at its business premises. In compliance to notice issued under section 158BC, the assessee filed return of income on 16-9-1996 wherein total income including undisclosed income for assessment years falling within the block period was disclosed at Nil . Vide the impugned order, the Assessing Officer computed the undisclosed income for the block period at Rs. 2,10,933 as under : Previous year Assessment year Returned/Assessed income as per return of income filed Total income including undisclosed income as per assessment order 1985-86 1986-87 Nil ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... also deductions available under Chapter VI-A in each of the assessment year and thereby erred in coming to the conclusion that appellant s income is liable to tax but for such denial the appellant would not have taxable income during 1992 to 1994 also. 4.The order of the Assessing Officer is otherwise bad in law illegal and returned income ought to have been accepted. 5.The Assessing Officer has erred in denying rebate available under Chapter VIII for assessment years 1991-92 to 1995-96. 6.The Assessing Officer has erred in not treating the salary income received from Dollar Services as salary income for assessment year 1992-93 (9 months salary) and consequently erred in denying deductions under section 16( i ) and 16( iii )". 4. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... yee of M/s. Dollar Services who has issued a TDS certificate in Form No. 16. M/s. Dollar Services, employer of the assessee also deducted the provident fund which it was required to deduct under Employees Provident Fund Act. The mere fact that there was some discrepancy in the amount of provident fund deducted and deposited by the employer is no ground to hold that employer of the assessee is bogus. The ld. counsel for the assessee submitted that in case it is held that the assessee was doing any service or was not receiving any salary, in that event, the Assessing Officer be directed to exclude salary income from M/s. Dollar Services. 6. The ld. counsel for the assessee also drew our attention to computation of income filed in respect ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... in view of the assessment order falling under block period, the total income of the assessee was below the maximum not chargeable to tax, the matter be restored to the file of the Assessing Officer. Regarding allowance of deduction under Chapter VI-A/section 88 of the Income-tax Act, 1961, the issue be restored to the file of Assessing Officer for allowing the same in accordance with law. Regarding allowance of standard deduction, the counsel of the assessee submitted that order of Assessing Officer be upheld as M/s. Dollar Services is a bogus concern. 9. Having heard both the sides, we have carefully gone through the orders of authorities below. Rival submissions were also considered. This Tribunal in the case of Shri Girish Ambalal ..... X X X X Extracts X X X X X X X X Extracts X X X X
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