https://www.taxtmi.com/caselaws?id=433209 The Tribunal ruled in favor of the appellant, finding that the assessment of capital gain in the appellant's hands as a power of attorney holder was incorrect. The rejection of additional evidence and lack of jurisdiction in the assessment order were key factors in the decision. The Tribunal emphasized the importance of proper jurisdiction in assessments and concluded that assessments made without establishing ownership are void and unlawful. The appeal was allowed, highlighting the significance of accurate assessments and the consequences of assessing the wrong entity. en-us Tue, 20 Dec 2022 00:00:00 +0530 Tue, 24 Jan 2023 10:11:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433209 The Tribunal ruled in favor of the appellant, finding that the assessment of capital gain in the appellant's hands as a power of attorney holder was incorrect. The rejection of additional evidence and lack of jurisdiction in the assessment order were key factors in the decision. The Tribunal emphasized the importance of proper jurisdiction in assessments and concluded that assessments made without establishing ownership are void and unlawful. The appeal was allowed, highlighting the significance of accurate assessments and the consequences of assessing the wrong entity. Case-Laws Income Tax Tue, 20 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433209