Supreme Court · 1987 INSC 24 · Decided 28 January 1987
Commissioner of Income Tax v. Mussadilal Ram Bharose
- Court
- Supreme Court of India
- Citation
- 1987 INSC 24 · [1987] 2 S.C.R. 67
- Case number
- CIVIL APPEAL No. 2083/1972
- Decided
- 28 January 1987
- Bench
- SABYASACHI MUKHERJI, S. NATARAJAN (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 271(1)(c)
Headnote
B Income Tax Act, 1961, s.271(1) (c)-Assessee-Concealment of ·particulars of his income or furnishing inaccurate particulars-Assessee -; to prove that failure to file correct return of income did not arise from \ fraud, gross or wilful neglect to the satisfaction of assessing authority. -:t ground that the sales and expenses were not verified and. the margin of profit shown was low. He adopted the net " profit rate at 8% thereby computing the profit at Rs.60,800 and the total income was computed at Rs.60936 after addition of Rs. !36 for interest receipts. On appeal the Appellate
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