COMMISSIONER OF INCOME TAX Vs. R.M.SINGH

JUDGEMENT

(1.) NO body appeared on behalf of the respondent on several occasions. Therefore, heard only learned counsel for the appellant.

(2.) THE questions raised are as under:

(3.) IT is submitted that in view of the finding on 'Ground No.3', the income of the receipt of the money by the assessee after discontinuance of business was considered as reasonable, which is contrary to Section 176(3A) of the Act.