1984 (2) TMI 67

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....e of a proper record maintained in that respect ?" The question relates to the assessment year 1960-61, the accounting period ending on March 31, 1960. Late Shri Karamchand Thapar was the assessee. It appears that Sri M. M. Thapar, assessee's son, was married on May 2, 1959, and the assessee's daughter was married on January 18, 1960. The ITO felt that in the income-tax return the expenses of marriages were not properly explained. He asked for certain details and the same was furnished, on a consideration whereof the ITO held that the marriage expenses should be assessed at Rs. 4 lakhs. He gave credit for a sum of Rs. 1,51,000 admitted by the assessee to have been spent on the two marriages and added back a sum of Rs. 2,50,000 as income ....

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....onsider the relevant evidence on record is also included in the aforesaid question referred to this court. We shall presume it to be so included. The Tribunal took into consideration the circumstances of the assessee and that the late assessee's (another) son and (another) daughter were married in 1941 and 1945 respectively. At that time the marriage expenses were assessed at Rs. 4 lakhs by the Income-tax Investigation Commission. It also took into consideration that since then and until 1959 and 1960, prices have gone up 4 to 8 times. This was not disputed by the assessee before the Tribunal. It also took into consideration the fact that the statements and details furnished by the assessee's legal representatives were inadequate and sho....

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....ares or fixed deposits. We are not impressed by the submission that the finding reached by the Tribunal is based on conjectures, suspicions or surmises or on a failure to consider the relevant evidence on record. The Tribunal took into consideration the relevant and material circumstances including the fact that the assessee was financially and socially occupying a very high position in the town. He had earlier spent a considerable amount of money of about Rs. 4 lakhs or so at the time of the wedding of his (other) two children and that the details furnished by his legal representatives which are supposed to be supported by vouchers, receipts, etc., did not include any expenditure on account of furniture, clothing including sarees, etc.,....