1984 (3) TMI 13

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.....-For the assessment year 1971-72, the assessee was held liable to pay tax on a total income of Rs. 77,090. Later on, the ITO reopened the assessment under s. 147(B) OF THE I.T. ACT, 1961 (HEREINAFTER CALLED" the Act "), on the basis of a note received by him from the Internal Audit Party of the Income-tax Department to the effect that "customs drawbacks " amounting to Rs. 71,386 had escaped asses....

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.... made by the ITO. The Revenue went up in appeal against this order passed by the AAC, which was dismissed by the Appellate Tribunal , Amritsar Bench. At the instance of the Revenue, the following question of law has been referred to us for our opinion " Whether, on the facts and in the circumstances of the case, the Appellate Tribunal was right in law in maintaining the order of the Appellat....