https://www.taxtmi.com/caselaws?id=383818 The High Court of Allahabad allowed the revisions in a case involving the liability of a sole proprietor for a discontinued business conducted by a family member. The court emphasized the importance of clear reasoning in tax assessments and ruled that without evidence of concealed transactions by the present assessee, no additions should be made to the assessment of the sole proprietorship concern based on a seized book belonging to a third party. The judgment highlighted the need to distinguish liabilities between different entities and disregarded mere blood relationships in determining liabilities. en-us Tue, 30 Jul 2019 00:00:00 +0530 Thu, 01 Aug 2019 05:55:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383818 The High Court of Allahabad allowed the revisions in a case involving the liability of a sole proprietor for a discontinued business conducted by a family member. The court emphasized the importance of clear reasoning in tax assessments and ruled that without evidence of concealed transactions by the present assessee, no additions should be made to the assessment of the sole proprietorship concern based on a seized book belonging to a third party. The judgment highlighted the need to distinguish liabilities between different entities and disregarded mere blood relationships in determining liabilities. Case-Laws VAT and Sales Tax Tue, 30 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383818