1999 (3) TMI 32

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....nce of such questions. The questions, which he had raised before the Tribunal are : "1. Whether, on the facts and circumstances of the case and having due regard to the language of section 14 of the Voluntary Disclosure of Income and Wealth Act, 1976 (No. 8 of 1976), and the communication of the Commissioner of Income-tax thereon the redone assessments as they stand modified are legally justified and supportable in law ? 2. Whether, on the facts and in the circumstances of the case, the seized, documents being inchoate documents and pronotes whether they constituted the income of the assessee ? 3. Whether, on the facts and circumstances of the case and having due regard to the evidence on record the Tribunal was right in rejecti....

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....me-tax Officer. The assessee examined six witnesses before the Income-tax Officer. The Income-tax Officer did not consider their evidence to be credible and rejected the same. He thereafter proceeded to make the assessment on the basis that the assessee did not carry on thandal business. On appeal, the appellate authority held that some part of the income was derived from thandal business and he reduced the quantum for which the assessee had been assessed. The Revenue as also the assessee went up in appeal to the Tribunal. The Tribunal rejected both sets of appeals and affirmed the order of the appellate authority. The Tribunal noticed the nature of the Commissioner's communication, which had made the acceptance of the voluntary discl....