https://www.taxtmi.com/caselaws?id=238618 The Tribunal upheld the first appellate authority's decision to delete the assessment of bank deposits as income of the assessee for the assessment year 1997-98, determining that the bank account actually belonged to another individual, Shri J.K. The Tribunal found sufficient evidence supporting this conclusion, including the financial status of the parties involved. The Tribunal dismissed the Revenue's appeal, affirming the order to delete the assessment and emphasizing the importance of assessing income in the hands of the correct person, in line with a Supreme Court decision and related case law. en-us Fri, 20 Sep 2013 00:00:00 +0530 Wed, 23 Oct 2013 22:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=238618 The Tribunal upheld the first appellate authority's decision to delete the assessment of bank deposits as income of the assessee for the assessment year 1997-98, determining that the bank account actually belonged to another individual, Shri J.K. The Tribunal found sufficient evidence supporting this conclusion, including the financial status of the parties involved. The Tribunal dismissed the Revenue's appeal, affirming the order to delete the assessment and emphasizing the importance of assessing income in the hands of the correct person, in line with a Supreme Court decision and related case law. Case-Laws Income Tax Fri, 20 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=238618