2003 (9) TMI 51

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... the assessment order the Assessing Officer has not recorded his satisfaction, as contemplated under section 271(1)(c) – no infirmity in Tribunal’s order – Revenue’s appeal dismissed - - - - - Dated:- 29-9-2003 - Judge(s) : D. K. JAIN., MADAN B. LOKUR JUDGMENT The judgment of the court was delivered by D.K. JAIN J.-This appeal by the Revenue under section 260A of the Income-tax Act, 1961 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... r. Khanna has submitted that during the course of the assessment proceedings the assessee was required to furnish the details of the searches conducted by the Central Excise Department with the other relevant information and it was on account of detection of concealed income by him that the assessee, vide their letter dated March 26, 1996, had surrendered an income of Rs. 4.25 lakhs. Thus, the sub .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... there is no significant difference between the facts of the present case and Ram Commercial Enterprises Ltd. [2000] 246 ITR 568 (Delhi). In Ram Commercial Enterprises Ltd. [2000] 246 ITR 568 (Delhi), wherein R.C. Lahoti J. (as his Lordship then was), speaking for the court, while placing reliance on the decisions of the Supreme Court in D.M. Manasvi v. CIT [1972] 86 ITR 557, 562 and CIT v. S.V. .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X