1982 (9) TMI 183

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..... accounts amounting to Rs. 338. Subsequently, during the course of the proceedings for the asst. yr. 1975-76, the ITO found that the assessee has manipulated totals of the balance-sheet for the asst. yr. 1975-76. Totals for the asst. yr. 1974-75 were therefore rechecked by the ITO and it was noticed that the totals were not correct. In order to bring the correct difference in balance-sheet to tax, .....

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..... e assessee had failed to give correct and true particulars of his income in the original return. Without prejudice to this ground, it was also sought to be urged that the ld. AAC had omitted to consider that the ITO could validly reopen the assessment in view of s. 147 (b) and finally it is sought to be argued that since the AAC had ultimately modified the assessment order, it may be held that in .....

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..... o be taken on behalf of the Revenue is permitted to be taken. 5. The assessee had filed balance-sheet alongwith original return of income on the basis of which the ITO found that there was a balance-sheet difference of Rs. 338 which he treated as assessee's income. During the course of the next assessment proceedings, however, the re-examined the balance-sheet filed for the asst. yr. 1974-75 and .....

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