ASHRAY LAL Vs. COMMISSIONER OF INCOME TAX

JUDGEMENT

(1.) AT the instance of the assessee, the Income -tax Appellate Tribunal referred to this court the following question under Section 256(1) of the Income -tax Act, 1961 (for short, 'the Act, 1961'), for its opinion :

(2.) THE reference relates to the assessment years 1966 -67, 1968 -69, 1969 -70 and 1973 -74. For these years, the assessee returned incomes in the original returns as follows :

(3.) THE comparative position of the income originally assessed, income reassessed and the concealed income for these years is as follows :