https://www.taxtmi.com/caselaws?id=300894 The Tribunal dismissed the Revenue's appeal, affirming that the income disclosed by Shri Anand Kumar Agrawal could not be assessed in the hands of the assessee as it had already been included in Agrawal's income. The Tribunal also rejected the CIT(A)'s decision to quash the assessment under section 153C due to lack of incriminating material. The Tribunal emphasized that the assessments were defective but refrained from annulling them, stating that such action falls under the Commissioner's jurisdiction. The Tribunal's decision was rendered on 9th January 2017. en-us Mon, 09 Jan 2017 00:00:00 +0530 Thu, 03 Mar 2022 06:47:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=300894 The Tribunal dismissed the Revenue's appeal, affirming that the income disclosed by Shri Anand Kumar Agrawal could not be assessed in the hands of the assessee as it had already been included in Agrawal's income. The Tribunal also rejected the CIT(A)'s decision to quash the assessment under section 153C due to lack of incriminating material. The Tribunal emphasized that the assessments were defective but refrained from annulling them, stating that such action falls under the Commissioner's jurisdiction. The Tribunal's decision was rendered on 9th January 2017. Case-Laws Income Tax Mon, 09 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=300894