1986 (10) TMI 18

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....r section 256(2) of the Income-tax Act, 1961 (hereinafter referred to as " the Act "). The material facts giving rise to this application briefly are as follows: For the assessment year 1971-72, the applicant had filed a return disclosing its income at Rs. 53,414. While framing the assessment, the Income-tax Officer rejected the claim of the applicant for certain deductions and assessed the total....

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....estion as to whether the failure on the part of an assessee to substantiate the claim for deductions would, on the facts and in the circumstances of a case, amount to concealment of the particulars of its income as contemplated by the provisions of section 27](1)(c) of the Act, arises in this case. Therefore, in our opinion, the following question of law arises out of the order passed by the Tribu....