1981 (7) TMI 124

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....ct r/w s. 10(4A) of the IT Act in respect of deposit of Rs. 2,02,795. Admittedly the assessee deposited Rs. 2,02,795 under non-resident (External Account). This deposit was received under the foreign remittance scheme. The WTO accepted the return of net wealth in which the assessee had failed to claim the above exemption. The AAC declined to interfere as the assessee had not claimed the exemption ....

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....s. Gurjargravures P. Ltd. 1978 CTR (SC) 1 : (1978) 111 ITR 1 (SC) and submitted that the assessee can not agitate this point. 3. We find that the decision of the Supreme Court referred to above is not applicable in the assessee's case. In the first instance all the material facts were there already and the WTO should have considered the matter correctly. Secondly, the AAC was also not right in ....