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PETITIONER: CALCUTTA DISCOUNT COMPANY LIMITED
Vs.
RESPONDENT: INCOME-TAX OFFICER, COMPANIES DISTRICT, AND ANOTHER.
DATE OF JUDGMENT: 01/11/1960
BENCH: GUPTA, K.C. DAS BENCH: GUPTA, K.C. DAS DAS, S.K. HIDAYATULLAH, M. SHAH, J.C. AYYANGAR, N. RAJAGOPALA
CITATION: 1961 AIR 372 1961 SCR (2) 241 CITATOR INFO : RF 1963 SC1356 (20) R 1967 SC 338 (5) F 1967 SC 523 (2) F 1967 SC 587 (4,11) E 1968 SC 49 (4) R 1969 SC 944 (8) F 1970 SC1011 (11) D 1970 SC1982 (11) F 1971 SC1635 (7) R 1971 SC2074 (6) RF 1971 SC2331 (4) RF 1973 SC 370 (11) R 1973 SC 989 (13,14) R 1974 SC 478 (4) RF 1975 SC 703 (11) RF 1975 SC1268 (4) RF 1976 SC1753 (8) F 1977 SC 429 (11) F 1985 SC 989 (10) R 1986 SC1857 (2,7) R 1987 SC1897 (26,35) RF 1989 SC1088 (8) RF 1991 SC 464 (4)
ACT: Income-tax--Income escaping assessment--Non-disclosure of material facts by assessee--" Material facts ", meaning of--Indian Income Tax Act. 1922 (11 of 1922), as amended in 1948, s. 34(1)(a), Explanation--Constitution of India, Art. 226.
HEADNOTE: The appellant, a private limited company, was assessed to income tax for the assessment years 1942-43, 1943-44 and 1944-45 by three separate ord...