TaxTMI 
TaxTMI 
2001 (2) TMI 81
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....A J.--Heard learned counsel for the Revenue. No one has appeared for the respondents in spite of service. The Tribunal has referred the following question of law at the instance of the Commissioner of Income-tax, Jodhpur, arising out of its order in I. T. A. No. 1708/JP of 1991, for the assessment year' 1988-89 for the opinion of this court: "Whether, on the facts and in the circumstances of....
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....ble income. The said order was affirmed by the Commissioner of Income-tax (Appeals) on September 3, 1991. On further appeal, the Income-tax Appellate Tribunal, Jaipur Bench, Jaipur, came to a categoric conclusion that the' aforesaid amount totalling to Rs. 1,61,247 was income of the firm derived from its own calculated account and liable to assessment. However, it has still deleted the above sum f....
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....him. In the present case, it has been found by the Tribunal that the income actually belongs to the assessee. Therefore, there was no impediment in levying tax on the income of the assessee irrespective of whether some other persons have already been made to submit returns in respect of the income and have been assessed on the basis of the declaration submitted by them. We are not concerned wit....