Supreme Court · 1992 INSC 256 · Decided 17 September 1992
Commissioner of Income-Tax v. Sun Engineering Works (P) LTD.
- Court
- Supreme Court of India
- Citation
- 1992 INSC 256 · [1992] SUPP. 1 S.C.R. 732
- Case number
- CIVIL APPEAL No. 3251/1979
- Decided
- 17 September 1992
- Bench
- YOGESHWAR DAYAL, A.S. ANAND (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 147, 148
Headnote
OF INCOME-TAX v. SUN ENGINEERING WORKS (P) LTD. SEPTEMBER 17, 1992 B [YOGESHWAR DAYAL AND DR. A.S. ANAND, JJ.J Income Tax Act, 1961: Sections 147(a}, 148 and 152(2)-Escapement of income-Rcassess- C ment-Scope of-Whether assessee could seek review of concluded item unconnected with escapement returns as being beyond time and terminating proceedings-Loss not deter­ mined-Subsequently assessee filing disclosure petition showing Hundi D loans-Whether loss shown in original returns to be taken into acc.Junt in reassessment proceedings for computation of escaped income.
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