9911796707
TMI Blog1987 (11) TMI 48X X X X Extracts X X X X X X X X Extracts X X X X ..... , 1961, at the instance of the assessee. They are: "1. Whether, on the facts and in the circumstances of the case, the reassessment proceedings initiated by the Income-tax Officer under section 147(a) of the Income-tax Act for the assessment year 1969-70 are valid ? 2. Whether, on the facts and in the circumstances of the case, the Tribunal's finding that the transport charges claimed by the a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rted to the destination points as per the allotment orders, but disposed of at or near about the port and that the assessee created bogus evidence supporting the plea of transport. On the basis of the said information, the assessment was reopened and the said vouchers were rejected. It was held by the Income-tax Officer that the vouchers produced were not genuine and that they were fabricated. The ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y person, whose total income exceeds the maximum amount which is not chargeable to income-tax, to furnish a return of his income in the prescribed form and verified in the prescribed manner and setting forth such other particulars as may be prescribed. Section 140 prescribes by whom the return of income is to be signed. The Income-tax Rules prescribe the form in which the return has to be filed. E ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... bligation to state all information and particulars but he is also under an obligation to state them truly and correctly to the best of his knowledge and belief. Inasmuch as in this case it has been found as fact that the vouchers produced by the assessee are false and fabricated, the reopening of the assessment was perfectly in order. Accordingly, question No. 1 is answered in the affirmative, tha ..... X X X X Extracts X X X X X X X X Extracts X X X X
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