1977 (12) TMI 42

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...., Central, Ludhiana, levying a penalty of Rs. 1,125 in each of the asst. yrs. 1971-72 and 1972-73. 2. The assessee is an HUF and Major Tikka Khushwant Singh is the present Karta. For the asst. yrs. 1971-72 and 1972-73, Rani Tikka Gunwant Kaur (daughter-in-law of Tikka Khushwant Singh) claimed an interest of Rs. 1,125 in each year on a sum of Rs. 25,000 alleged to have been advanced by the asses....

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....mount of income in respect of which particulars were alleged to have been concealed or inaccurate particulars were alleged to have been furnished, exceeded a sum of Rs. 25,000 in each year. It may be mentioned that against the total income disclosed at Rs. 10,090 and Rs. 12,330 for the asst. yrs. 1971-72 and 1972-73, the income were originally assessed at Rs. 46,980 and Rs. 49,010. As a result of ....