https://www.taxtmi.com/caselaws?id=63630 The Tribunal partially allowed the appeals, directing the Income Tax Officer to reassess certain disallowances for the assessment years 1973-74 and 1975-76. It emphasized the necessity of determining ownership before including income in assessments and instructed the ITO to reconsider disallowances based on valid grounds and applicable legal provisions. The judgment highlighted the importance of proper justification for income inclusions and reasonable adjustments for expenses, ensuring compliance with the law. en-us Fri, 14 Nov 1980 00:00:00 +0530 Tue, 01 Feb 2011 11:31:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63630 The Tribunal partially allowed the appeals, directing the Income Tax Officer to reassess certain disallowances for the assessment years 1973-74 and 1975-76. It emphasized the necessity of determining ownership before including income in assessments and instructed the ITO to reconsider disallowances based on valid grounds and applicable legal provisions. The judgment highlighted the importance of proper justification for income inclusions and reasonable adjustments for expenses, ensuring compliance with the law. Case-Laws Income Tax Fri, 14 Nov 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63630