1987 (10) TMI 75

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.... difference between the value of construction of building as shown by the assessee and estimated by the departmental valuer." 2. In this case, the return of income was filed on 26th July, 1978 declaring an income of Rs. 9,810. The accounting year shown in the assessment order is S.Y. 2037 and the status adopted for the purpose of assessment is AOP as declared in the return. The AOP consists of t....

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.... tax. Only members are liable for tax. Share of the members are as under: 1. Mrs. Laxmiben Popatlal Mehta 1/3 15,703 2. Mrs. Valuben Shantilal Mehta 1/3 15,703 3. Mrs. Kanchanben Ramniklal 1/3 15,704 47,110 Bhuj-Kutch Dt. 30th March, 1984 Sd/-(S.M. Dube) ITO, Wd/ A, Bhuj. Issue penalty notice for concealment of income and also for inaccurate particulars. Office Note : Assessment ha....

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....opy of one bill in respect of the construction material, which was the subject matter of controversy. 5. We have gone through the orders passed by the authorities below and have also considered the submissions. We fail to understand how an assessment is made on the basis of a return of income erroneously filed by whosoever concerned under the misconception of the law. On a query from the Bench i....