https://www.taxtmi.com/caselaws?id=67978 The Tribunal upheld the CIT(A)'s decision that M/s Oswal Traders was not owned by the assessee firm, emphasizing the lack of substantial evidence linking the two entities. The Tribunal found M/s Oswal Traders operated independently with separate accounts, premises, and employees, and dismissed the departmental appeals, affirming the CIT(A)'s ruling in favor of the assessee. en-us Wed, 28 Oct 1987 00:00:00 +0530 Wed, 16 Mar 2011 11:56:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67978 The Tribunal upheld the CIT(A)'s decision that M/s Oswal Traders was not owned by the assessee firm, emphasizing the lack of substantial evidence linking the two entities. The Tribunal found M/s Oswal Traders operated independently with separate accounts, premises, and employees, and dismissed the departmental appeals, affirming the CIT(A)'s ruling in favor of the assessee. Case-Laws Income Tax Wed, 28 Oct 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67978