CIT Vs. GIAN CHAND BHAJAN LAL

JUDGEMENT

(1.) This judgment will dispose of IT Ref. Nos. 78 and 79 of 1988 arising out of ITA No. 269/Asr/1986 and ITA No. 270/Asr/1986 for the assessment year 1982-83 as the common question of law and facts is involved in both the references.

(2.) Brief facts giving rise to this reference are as under:

(3.) However, later the assessee filed returns disclosing lesser income as per their books and submitted letters stating that the additions of the above amounts had been agreed to by them under pressure, harassment and undue influence and the assessee had never surrendered any amount at the time of survey or at any other time. In support thereof, they swore their affidavits which were filed along with the letters in question.