https://www.taxtmi.com/caselaws?id=55130 The Tribunal upheld the Commissioner's decision to set aside the Income Tax Officer's assessment order and directed a fresh assessment to determine the ownership and nature of the silver articles discovered during a search. The Tribunal emphasized the need for thorough investigation by the Income Tax Officer into ownership claims, highlighting that failure to do so could prejudice Revenue. The appeals were dismissed, affirming the Commissioner's order and stressing the Income Tax Officer's duty to conduct independent inquiries into ownership, regardless of individual search warrants. en-us Thu, 13 Apr 1989 00:00:00 +0530 Tue, 23 Nov 2010 17:32:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55130 The Tribunal upheld the Commissioner's decision to set aside the Income Tax Officer's assessment order and directed a fresh assessment to determine the ownership and nature of the silver articles discovered during a search. The Tribunal emphasized the need for thorough investigation by the Income Tax Officer into ownership claims, highlighting that failure to do so could prejudice Revenue. The appeals were dismissed, affirming the Commissioner's order and stressing the Income Tax Officer's duty to conduct independent inquiries into ownership, regardless of individual search warrants. Case-Laws Income Tax Thu, 13 Apr 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55130