JAVED AKHTAR Vs. COMMISSIONER OF INCOME TAX

JUDGEMENT

(1.) This set of appeals have been filed by the assessee. They have arisen from re-assessment proceedings for the assessment years 1998-99, 1999-2000, 2000-01, 2001-02 and 2002-03. The facts in all the appeals are similar, hence all the appeals are taken up for hearing and decided together.

(2.) The appeals have been filed raising following questions of law:-

(3.) For brevity facts obtaining in appeal no. 499 of 2007 for AY 1998-99 are being noted, material facts being identical in all subsequent cases. The assessee is a medical practitioner who had filed his return of Income Tax for the assessment year 1998-99 disclosing the professional income of Rs. 62,000/- and Agricultural Income of Rs. 30,000/-. The return was processed under Section 143(1) of the Act. Subsequently the Assessing Officer appears to have recorded reason to believe on 24.3.2005 to the following effect:-