https://www.taxtmi.com/caselaws?id=55313 The Tribunal allowed the appeal for statistical purposes, directing a fresh assessment to be conducted. It emphasized the importance of proper investigation, cross-examination, and consideration of all relevant facts and legal principles. The Tribunal found that the original assessment lacked thorough investigation and denied the assessee the opportunity to cross-examine witnesses. The ownership of Krupa Corporation was confirmed to be assessable in the hands of the assessee. The Tribunal highlighted the significance of timing in income accrual and the necessity for adherence to proper procedures in assessment and investigation. en-us Wed, 28 Jul 1993 00:00:00 +0530 Thu, 25 Nov 2010 13:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55313 The Tribunal allowed the appeal for statistical purposes, directing a fresh assessment to be conducted. It emphasized the importance of proper investigation, cross-examination, and consideration of all relevant facts and legal principles. The Tribunal found that the original assessment lacked thorough investigation and denied the assessee the opportunity to cross-examine witnesses. The ownership of Krupa Corporation was confirmed to be assessable in the hands of the assessee. The Tribunal highlighted the significance of timing in income accrual and the necessity for adherence to proper procedures in assessment and investigation. Case-Laws Income Tax Wed, 28 Jul 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55313