https://www.taxtmi.com/caselaws?id=215039 The court allowed the appeals, setting aside the impugned order. It concluded that the Income-tax Appellate Tribunal's findings were based on surmises and conjectures, amounting to perversity. The court criticized the Assessing Officer for improperly rejecting evidence and statements provided by the appellant's wife. It emphasized that assets for which wealth tax had been paid could not be subject to additional taxation. The court also noted that wealth tax returns filed before the search could not be reopened. The jurisdiction of the Income-tax Department during a criminal trial was also challenged and addressed by the court. en-us Mon, 31 Jan 2011 00:00:00 +0530 Mon, 23 Jul 2012 07:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=215039 The court allowed the appeals, setting aside the impugned order. It concluded that the Income-tax Appellate Tribunal's findings were based on surmises and conjectures, amounting to perversity. The court criticized the Assessing Officer for improperly rejecting evidence and statements provided by the appellant's wife. It emphasized that assets for which wealth tax had been paid could not be subject to additional taxation. The court also noted that wealth tax returns filed before the search could not be reopened. The jurisdiction of the Income-tax Department during a criminal trial was also challenged and addressed by the court. Case-Laws Income Tax Mon, 31 Jan 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=215039