JAGDISH SARAN SHUKLA Vs. COMMISSIONER OF INCOME TAX

JUDGEMENT

(1.) THIS is an application under Section 256(2) of the Income-tax Act, 1961, by the. assesses for asking the Tribunal to state the case on the following questions :

(2.) THE assessee purchased certain fixed deposit receipts and he was called upon by the assessing officer to explain the investment made therein. THE case of the assessee was that he acquired jewellery from his mother on partition, the sale proceeds of which had been invested by him in fixed deposit receipts aggregating to Rs. 39,200. THE assessee had led evidence to explain the source of the investment but that evidence was disbelieved by the assessing officer. THE assessee appealed before the Commissioner but failed.

(3.) NO summons were issued by the Income-tax Officer pursuant to the request of the assessee