JYOTI STEELS Vs. COMMISSIONER OF INCOME TAX

JUDGEMENT

(1.) THIS writ petition is filed for issuance of a writ of certiorari against the order under Section 273A of the Income-tax Act, 1961, passed by the Commissioner of Income-tax, Meerut.

(2.) IN the assessment relating to the assessment year 1980-81, besides other additions, a sum of Rs. 50,000 was brought to tax as income of the petitioner from unexplained deposits." The INcome-tax Officer while completing the assessment also initiated penalty proceedings under Sections 271(1)(c) and 273(2)(a) of the Act.

(3.) BEFORE proceeding further, it is necessary to state some more facts.