2005 (3) TMI 412

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..... urned income Assessed income As per assessed income after appeal effect of CIT(A) order (Rs.) (Rs.) (Rs.) Relief (Rs.) Sustained (Rs.) 1994-95 46,530 21,92,652 13,30,668 8,61,984 1996-97 64,550 12,34,322 2,49,790 9,84,532 1997-98 96,830 14,10,830 2,22,446 .....

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..... d that in view of the famous case of the jurisdictional High Court in the case of Late His Highness Maharana Shri Bhagwat Singhji of Mewar vs. ITAT Ors. (1996) 133 CTR (Raj) 97 : (1997) 223 ITR 192 (Raj) wherein it has been held that if the assessed income is more than double of the returned income, then in that case, the entire demand involved in the appeal pending before the Tribunal should re .....

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..... lation between the Department and the assessee but at the stage it cannot be stated that the demand raised is the outcome of the alleged revenge only. The ratio of the jurisdictional High Court and the Board's circular as referred to by the assessee in written submission and relied by him definitely help the case of the assessee. But at the same time, the assessee is not ready to give security aga .....

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