https://www.taxtmi.com/caselaws?id=444399 Income already disclosed by a partnership firm and accepted in settlement proceedings could not be brought to tax again in a partner's hands under section 69C on the same seized diary material without clear, independent evidence of separate personal liability. The diary entries were treated as business-related receipts and payments connected with the firm, and the assessee's statement was not a clear admission that the entries represented his unexplained personal expenditure. In the absence of cogent material dislodging that explanation, a second assessment of the same amount was unsustainable as double taxation on the same facts. en-us Wed, 11 Oct 2023 00:00:00 +0530 Sat, 14 Oct 2023 08:13:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444399 Income already disclosed by a partnership firm and accepted in settlement proceedings could not be brought to tax again in a partner's hands under section 69C on the same seized diary material without clear, independent evidence of separate personal liability. The diary entries were treated as business-related receipts and payments connected with the firm, and the assessee's statement was not a clear admission that the entries represented his unexplained personal expenditure. In the absence of cogent material dislodging that explanation, a second assessment of the same amount was unsustainable as double taxation on the same facts. Case-Laws Income Tax Wed, 11 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444399