https://www.taxtmi.com/caselaws?id=374328 The Tribunal allowed all six appeals, deleting the additions made under section 153C and the penalties imposed under section 271(1)(c) for the assessment years 2002-03, 2003-04, and 2004-05. The Tribunal concluded that the additions should have been made in the hands of the partnership firm, not the individual, and found the delay in recording satisfaction by the Assessing Officer to be unreasonable, thus invalidating the assessments. en-us Tue, 29 Jan 2019 00:00:00 +0530 Thu, 31 Jan 2019 06:34:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374328 The Tribunal allowed all six appeals, deleting the additions made under section 153C and the penalties imposed under section 271(1)(c) for the assessment years 2002-03, 2003-04, and 2004-05. The Tribunal concluded that the additions should have been made in the hands of the partnership firm, not the individual, and found the delay in recording satisfaction by the Assessing Officer to be unreasonable, thus invalidating the assessments. Case-Laws Income Tax Tue, 29 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374328