COMMISSIONER OF INCOME TAX Vs. D.S. BATRA

JUDGEMENT

(1.) ALTHOUGH , this appeal was admitted on the proposed five substantial questions of law but the main question involved in this appeal is,

(2.) SRI D.S. Batra (the assessee) filed his return on 31st July, 1987 on the income of Rs. 54,560. An assessment order was passed on 29th Feb., 1988 under S. 143(1)(a) of the Act.

(3.) DURING the survey, the assessee surrendered a sum of Rs. 30 lakhs, which was excess stock in the hands of the aforesaid concern, as his undisclosed income on 30th March, 1990.