PHOOL CHAND BAJRANG LAL versus INCOME TAX OFFICER
Failure to disclose the material facts of the Indian Income Tax Act, 1961, in whole and in part the restoration of section 147 (a), the cash loan is claimed by the company which is accepted as original and original estimates. In which interest was deducted. The Company whose Managing Director acknowledged that the Company had not raised any loan for anyone while covering the history of the Cash Loan then accurate, specific and reliable notice of the information is only valid for review. No Change of opinion The reasons for assuring that the ITO believes that income shortages were avoided is not for the Court to decide on sections 147 (a), 148 and 149 of the Indian Income Tax Act, 1961
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