2008 (5) TMI 325

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....ival submissions in the light of the material placed before us and the precedents relied upon. The assessee is a doctor by profession. She was running scan centres in different parts of Chennai along with her husband Dr. B.I. Jaffrey. On 6th March, 2002 a survey was conducted under s. 133A of the Act. The assessee agreed to offer additional income of Rs. 9 lakhs. The offer was made in response to the observations made by the Addl. Director of IT during the course of survey that the assessee did not maintain regular books of accounts as required under s. 44AA of the Act and had understated the professional receipts. 4. On 3rd Oct., 2002 the assessee filed a return admitting a taxable income of Rs. 6,19,856. Additional income of Rs. 9 lakhs ....

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....edly, the assessee did offer Rs. 9 lakhs voluntarily at the time of survey operation. It is also a fact that the assessee did not maintain books as per the requirements of s. 44AA of the Act. It is pertinent to note that the survey took place on 6th March, 2002, i.e., at the fag end of the accounting year. Accounts as required to be maintained under the prescription of s. 44AA were not found. The assessee disclosed the income and is said to have paid advance tax also in conformity with the said disclosure. Thereafter in the return of income the agreed sum was not reflected. There was no retraction. In the return there was no indication as to why the agreed amount of income was not offered. From all these the AO concluded that the income to ....