Income Tax Appellate Tribunal Itat Jabalpur Court August 1984 Judgments Home Cases Income Tax Appellate Tribunal Itat Jabalpur 1984 Page 1 of about 1 results (0.027 seconds)

Udhoji Shrikrishandas Bidi Mfrs. Vs. Income-tax Officer

Court : Income Tax Appellate Tribunal ITAT Jabalpur

Reported in : (1985)11ITD35Jab

1. These appeals of the assessee are directed against the order of the Commissioner (Appeals) and are relevant for the assessment years 1972-73 and 1974-75.2. The assessee is a registered firm earning its income from manufacturing and sale of bidis. For the assessment year 1972-73, the assessee filed its return on 31-7-1972 while as per Circular No. 88 [F.No. 142/12/72-TPL], dated 19-6-1972 [Taxmann's Direct Taxes Circulars, Vol. 1, 1980 edn., p. 550] of the CBDT, the last date for filing of the return was 31-7-1972. The assessee also filed a revised return on 12-3-1975. At the time of the assessment, the addition proposed by the ITO, being more than Rs. 1,00,000, a draft order under Section 144B of the Income-tax Act, 1961 ('the Act'), was prepared and served on the assessee on 11-3-1976. The draft assessment order was forwarded to the IAC along with the objections and the IAC issued his direction to the ITO vide his letter dated 14-7-1976 which was received by the ITO on 21-7-1976. ...