1981 (10) TMI 48

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....t. 2. The relevant facts are that the assessee had entered into a contract for construction work with the CPWD, Kanpur on 26th June, 1973. The value of the contract work amounted to Rs. 2,61,056. Under s. 285A(1) of the Act the assessee was required to furnish to the ITO, within one month of the making of the aforesaid contract, particulars of the said contract in the prescribed form, viz., For....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....e assessee u/s. 285A(2) of the Act would have been Rs. 65,260, the CIT imposed a fine of Rs. 5,000 only. The assessee being aggrieved by the order of the CIT, has filed this appeal before us. 3. We have heard the ld. counsel for the assessee as well as the ld. Deptl. Rep. It clear from the facts as set out by the CIT that the assessee has undoubtedly committed a default u/s. 285A(1) of the Act.....