Comm. Of Income Tax, , Bikaner v. M/S.bhagwant Singh Khanuja & Co

IN THE HIGH COURT OF JUDICATURE FOR RAJASTHAN AT JODHPUR -------------------------------------------------------- COMM. OF INCOME TAX, , BIKANER V/S M/S.BHAGWANT SINGH KHANUJA & CO. Mr. KK BISSA, for the appellant / petitioner HON'BLE SHRI N P GUPTA,J. HON'BLE SHRI KISHAN SWAROOP CHAUDHARI,J. ----- Heard lerned counsel for the appellant. It is informed by learned counsel today infurtherance of the order dated 19.5.2008 that as a matterof fact, no statement of the assessee was recorded underSection 132(4), and that it was only by way of reply to therequirement of the Revenue to disclose the yearwise figuresof undisclosed income that he had disclosed the income videletter dated 20.11.2000. A look at that shows that, thatdoes not show that the assessee had surrendered the allegedundisclosed income to be liable to be assessed in anyparticular assessment year. In that view of the matter, thefindings recorded by the learned Tribunal about theexplanation of the assessee with respect to the amounts assupported by the books of accounts etc. cannot be said tobe suffering from any error of law giving rise to anysubstantial question of law. The appeal thus, has no force,and is dismissed summarily. /tarun/