TMI Blog1987 (1) TMI 31X X X X Extracts X X X X X X X X Extracts X X X X ..... " Whether, on the facts and in the circumstances of the case, the assessee's letter dated July 16, 1971, amounted to admission of concealment of income of Rs. 60,000 ? Basic factual background is this. After completing the assessment, it came to light that in the account books some money was introduced. On explanation being sought, the assessee wrote a letter dated July 16, 1971, offering cre ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y the order of the Inspecting Assistant Commissioner, the Income-tax Appellate Tribunal was approached. The principal contention of the assessee before the Tribunal was that the letter addressed to the Income-tax Officer did not amount to an admission of concealment of income, though the wording in the said letter was that penalty may be decided on merits, but that did not mean that the assessee h ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the submission is too technical to be accepted, specially when, considering the whole background, the Tribunal has taken one view of the matter which is a possible view. Under the circumstances, we see no reason to interfere with the order of the Tribunal. In conclusion, the question is answered in the negative and against the Revenue. No order as to costs. - - TaxTMI - TMITax - Income ..... X X X X Extracts X X X X X X X X Extracts X X X X
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