1977 (5) TMI 35

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....he Income tax Act, 1961 The assessee has no accounts. He is a practising doctor He has returned an income of Rs. 15,000 from profession while preparing the cash statement he has omitted to consider income tax payments totalling Rs. 9,849 made on various dates as follows: Date of Payment Amount 16th September, 1968 1143 17th May, 1968 1051 1st May, 1968 1708 16th Septembe....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....dded as income in the assessment is concealed income of the assessee for the year under appeal. The assessee mentioned before the authorities below that since he has no accounts he forgot to mention about the tax payments. He has also mentioned on rough and ready basis and it cannot be considered to be as accurate. We see substantial force in this explanation of the assessee after all when the sum....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ommissioner in his order that the assessee did not include the fees received from Life Insurance Corporation. This aspect is unnecessary to be considered as levy of penalty is only on the basis of addition of Rs. 9,849. There is no charge against the assessee in regard to the sum of Rs. 2,000 which is said to have been received from Life Insurance Corporation and not included in the professional i....