https://www.taxtmi.com/caselaws?id=239763 The Tribunal upheld the validity of assessments, determining the year of assessment for capital gains as the date of transfer, denying deductions under sections 54F, and adding Rs. 5 lakhs as a gift under section 68 of the Income Tax Act. The Tribunal dismissed the assessee's appeals for both assessment years, emphasizing that a common warrant of authorization does not imply joint entity status and affirming the jurisdiction of the Assessing Officer to assess total income based on search findings. en-us Tue, 19 Mar 2013 00:00:00 +0530 Mon, 18 Nov 2013 18:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=239763 The Tribunal upheld the validity of assessments, determining the year of assessment for capital gains as the date of transfer, denying deductions under sections 54F, and adding Rs. 5 lakhs as a gift under section 68 of the Income Tax Act. The Tribunal dismissed the assessee's appeals for both assessment years, emphasizing that a common warrant of authorization does not imply joint entity status and affirming the jurisdiction of the Assessing Officer to assess total income based on search findings. Case-Laws Income Tax Tue, 19 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=239763