https://www.taxtmi.com/caselaws?id=186334 The Tribunal allowed the appeal in part, setting aside the order of the Commissioner of Income Tax (Appeals) and remanding the matter for fresh adjudication on the status of the Assessee as AOP. The Tribunal found that the Assessee had valid reasons to appeal the protective assessment of income. However, the claim for depreciation on assets of M/s. Market Creators Ltd. was dismissed as the joint venture agreement did not transfer ownership to the AOP. The general ground of appeal was partly allowed for statistical purposes. en-us Tue, 24 Nov 2009 00:00:00 +0530 Wed, 14 Sep 2016 17:16:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=186334 The Tribunal allowed the appeal in part, setting aside the order of the Commissioner of Income Tax (Appeals) and remanding the matter for fresh adjudication on the status of the Assessee as AOP. The Tribunal found that the Assessee had valid reasons to appeal the protective assessment of income. However, the claim for depreciation on assets of M/s. Market Creators Ltd. was dismissed as the joint venture agreement did not transfer ownership to the AOP. The general ground of appeal was partly allowed for statistical purposes. Case-Laws Income Tax Tue, 24 Nov 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186334