TaxTMI 
TaxTMI 
2000 (11) TMI 56
X X X X Extracts X X X X
X X X X Extracts X X X X
....e identical, this common order will dispose of both of them. At the instance of the assessees, the following questions have been referred for the opinion of this court by the Income-tax Appellate Tribunal, Delhi Bench-D (in short "the Tribunal"), under section 256(1) of the Income-tax Act, 1961 (in short "the Act") : "1. Whether, on the facts and in the circumstances of the case, a notice requir....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ets and liabilities as on March 31, 1962, March 31, 1970, and March 31, 1971, were directed to be submitted by the assessee, by the Income-tax Officer (in short "the ITO"), pursuant to notice under section 142(1)(ii) of the Act dated August 9, 1971. Notice was duly served upon the assessee on August 12, 1971. As the notice was not complied with for a long period a reminder was issued on October 21....
X X X X Extracts X X X X
X X X X Extracts X X X X
....liance was placed on a decision of the Andhra Pradesh High Court in Smt, Kantamani Venkatasatyavathi v. ITO [1968] 67 ITR 271. Again, the assessee was requested to furnish the statements called for as they were not submitted. The Income-tax Officer was of the view that the assessee had failed to furnish statements deliberately and intentionally without reasonable cause. It was further noted that e....
X X X X Extracts X X X X
X X X X Extracts X X X X
....e plea and held that the Income-tax Officer's conclusions were in order. The matter was carried in further appeal before the Tribunal. The stand taken before the Income-tax Officer and the Appellate Assistant Commissioner were reiterated. The Tribunal upheld the conclusions of the Income-tax Officer and the Appellate Assistant Commissioner and held that the ex parte assessment was in order. On bei....