Chennai Court May 1969 Judgments

Commissioner of Income-tax Vs. K.L. Varadarajan

Court: Chennai

Reported in: [1970]75ITR23(Mad)

Ramaprasada Rao, J. 1. The Commissioner of Income-tax required the Appellate Tribunal under Section 66(1) of the Indian Income-tax Act, 1922, to refer the following question of law which is said to arise out of the consolidated order of the Income-tax Appellate Tribunal in I.T.A. Nos. 10928 to 10930 of 1962-63. The question referred is :' Whether the declaration filed by the assessee under Section 17(1) in respect of the assessment year 1958-59 was operative in relation to the reassessments in respect of the previous years ending on December 31, 1954, December. 31, 1955, and December 31, 1956, corresponding to the assessment years 1955-56, 1956-57 and 1957-58?'2. The facts are stated in a consolidated statement drawn up for the purpose and they are as follows: The original assessments of the assessee, who derived income by way of dividends on shares and interest on deposits, were completed under Section 23(3) of the Act on January 31, 1966, December 27, 1956 and February 28, 1958, for ...