1990 (9) TMI 135

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....arte order passed by the ITO in respect of assessment year 1983-84. The assessee had filed a return showing a loss of Rs. 40,47,800. Along with the return, the assessee had filed the details of the manufacturing and trading account and the details of various heads of expenditure. Altogether sixty-two enclosures were sent along with the return. 2. On25-7-1984, the ITO had raised certain queries.....

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....t while framing the assessment, the ITO should have considered the details furnished. He also directed that the loss of the year 1982-83 should be carried forward. The loss for 1983-84, however, need not be carried forward. 4. Against this finding, the assessee has come in appeal. We have heard both the parties. We agree with the CIT(Appeals) that the ITO is at liberty, under these circumstance....

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.... Engineering. 3. Tax deducted at source thereon. 4. Bank statements. 5. T.D.S. on salary. 6. Party to whom vehicle was sold. 7. Details of salary and wages. 8. Reasons of low gross profit rate. 9. Details of cylinders' rent received and paid. 10. Partywise details of purchases and sales above Rs. 10,000. These were not furnished within time allowed when framing the asses....

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....he wants all those copies of account, it would be running into hundreds of pages. Normally it is not asked for in such companies. He may be referring to bank reconciliation statements and confirmations of balances. That has already been furnished along with the returns on23-7-1984. (c) The next item required to be filed was details of vehicle which was sold. In this, he may estimate the profit und....