1980 (12) TMI 95

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....s of a survey report made by the Inspector to the effect that in the accounting year relevant to asst. yr. 1972-73, the assessee had constructed a house by investing a sum of Rs. 20,000. Notice was issued to the assessee under s. 139(2) of the IT Act. But, according to the ITO, the assessee failed to file the return of his income and also refused to receive notice under s. 142(1) of the IT Act. Th....

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....ocuments to show the sources for investment. Copy of the sale deed dt. 26th Dec., 1968 was produced to show that the assessee had sold his own house for Rs. 7,000 and this money was available for investment during the accounting year 1971-71. A certificate from the Life Insurance Corporation of India was produced to show that the assessee had been sanctioned a loan of Rs.400 on 20th Sept., 1969 by....