M K DAR Vs. COMMISSIONER OF INCOME-TAX

JUDGEMENT

(1.) This reference relates to the assessment years 1959-60 to 1965-66.

(2.) It appears that for the aforesaid assessment years, M.K. Dar was assessed to income-tax in the status of an individual in respect of a half share of the income from Jeewan Cinema. Similarly, P.K. Dar and R. K, Dar were assessed to income-tax as individuals for the aforesaid years in respect "of their 1/4th share each of that income.

(3.) Subsequently on March 5, 1966, the ITO, Special Survey Circle, Agra, issued notices under Section 148 of the I.T. Act, in respect of these years Seeking to assess them in the status of an