2003 (1) TMI 14 - HC - Income Tax

Reassessment - Whether, Tribunal erred in law in setting aside the question of addition of any amount by way of undisclosed income to the Assessing Officer? - The admitted facts of the case are that for the assessment year 1973-74, an assessment order was made on February 7, 1976 - In compliance with the directions of the Deputy Commissioner (Appeals), when the third assessment order has been made in 1991 for the assessment year 1973-74, now no justification to interfere in the order of the Tribunal, which has confirmed the order of the Deputy Commissioner (Appeals) before 1991 and even consequential order has been passed which is also in challenge. - Considering these facts and the reasons given by the Tribunal, confirming the view taken by the Deputy Commissioner (Appeals), no referable question does arise.

Summary

The High Court of Rajasthan dismissed the Revenue's question of law regarding the addition of undisclosed income in a case from assessment years 1972-73 to 1974-75. The Tribunal's decision confirming the Deputy Commissioner's directions was upheld, and no referable question arose.