Order passed on 23.3.85 31.3.86 30.3.87 30.9.87 ASSESSED Income Rs.
We quote hereinbelow for the sake of companyvenience the said question Whether on the facts and circumstances of the case, the Tribunal was right in law and on facts in cancelling the penalty levied u s 271 1 a and 273 2 a of the I.T. Act, on the ground that benefit under the Amnesty Scheme was available to the Assessee, particularly when subsequent to search operation, the Assessee itself had revised its returns on a number of occassions, which would go to show that the return was number voluntary?
Having heard learned companynsel for the parties, we are of the view that the High Court had erred in number answering the question which, in our opinion, was the substantial question of law under Section 260 A of the Income Tax Act, 1962.
20,29,840/ 15,31,240/ 11,70,540/ 10,27,700/ Reassessment order passed on 31.8.87 7.9.87 Ultimate ASSESSED Income Rs.
Year 1982 83 1983 84 1984 85 1985 86 Original return filed on 3.3.83 12.7.84 28.6.85 28.6.85 Income declared Rs 1,19,949/ 1,10,700/ 60,210/ 8070/ First Revised return filed on 31.3.86 28.11.85 28.11.85 31.3.86 Income declared Rs 44,58,688/ 1,22,460/ 72,220/ 79,460/ Second Revised return filed on 29.9.86 30.3.86 31.3.86 29.9.86 Income declared Rs 25,27,210/ 14,99,630/0 10,71,970/ 1,86,700/ Third Revised return filed on 23.2.87 23.2.87 29.9.86 25.2.87 Income declared Rs 24,98,769/ 16,96,350/ 6,54,572/ 9,67,830/ Fourth Revised return filed on 26.2.87 Income declared Rs 2,99,540/ Original Asst.
O R D E R Arising out of Special Leave Petition C No.19088/2006 Delay companydoned.
Leave granted.
For the sake of clarity we also annex here the position of various returns filed for various Assessment years in question.
