1995 (9) TMI 65

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..... was sent to the respondent apprising him of the said fact and asking him to make alternate arrangement. The letter has come back with the endorsement "left". This was in January, 1995. We treat it as sufficient service and proceed with the matter. This appeal is preferred against the order of the Delhi High Court rejecting the application of the Revenue filed under section 256(2) of the Income .....

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..... e Scheme is confined to the declarant alone and is not extended to the assessment of a third party assessee in relation to the income disclosed by the declarant. It was further held that there is nothing in section 24 of the Finance (No. 2) Act which prevents the Income-tax Officer, if he is not satisfied with the explanation of the assessee about the genuineness of sources of amounts found credit .....

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