1986 (10) TMI 18

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..... erred to as " the Act "). The material facts giving rise to this application briefly are as follows: For the assessment year 1971-72, the applicant had filed a return disclosing its income at Rs. 53,414. While framing the assessment, the Income-tax Officer rejected the claim of the applicant for certain deductions and assessed the total income at Rs. 99,499. The Income-tax Officer also initiated .....

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..... to substantiate the claim for deductions would, on the facts and in the circumstances of a case, amount to concealment of the particulars of its income as contemplated by the provisions of section 27](1)(c) of the Act, arises in this case. Therefore, in our opinion, the following question of law arises out of the order passed by the Tribunal: " Whether, on the facts and in the circumstances of .....

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