1976 (1) TMI 14

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..... accountable person for the estate of late Sri P. K. Banerji. Estate of the value of Rs. 1,16,166 was disclosed by the accountable person, but assessment was made at a value of Rs. 11,27,261. The value was enhanced mainly on account of the addition of the value of the trust property to the extent of Rs. 10,08,200. Subsequent to the finalisation of the assessment, a notice under section 60(2) was se .....

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..... mount to concealment or deliberate furnishing of inaccurate particulars. Counsel for the petitioner has contended that the petitioner had not disclosed the value of the trust property, as she was advised that the trust property did not pass on the death of the beneficiary, and, further, that much before the assessment had been finalised a letter had been sent to the Member, Central Board of Revenu .....

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