THE COMMISSIONER OF INCOME TAX GULBARGA vs. M/S MANJUNATHA COTTON AND GINNING FACTORY

The appeals are dismissed

Bench: ARAVIND KUMAR,N.KUMAR

exemptions claimed by the assessee in his return. The word ‘conceal’ involves a knowledge on the part of the assessee of the real income when giving the particulars. Concealment might arise even if the statement as to the income is a guarded one, as, for example, the enquiry should be made to ascertain the correct income. Concealment of income

COMMISSIONER OF INCOME TAX, vs. M/S CANARA HOUSING DEVELOPMENT CO.,

Bench: B.MANOHAR,VINEET SARAN