https://www.taxtmi.com/caselaws?id=55809 The tribunal ruled in a case concerning the taxability of undisclosed investments by a Hindu Undivided Family (HUF) that the investments made in the preceding assessment year were not taxable in the current assessment year. The tribunal upheld the decision that the impugned amount was not liable to tax but noted that the Appellate Assistant Commissioner (AAC) had exceeded jurisdiction by making observations on the taxability of the amount in the preceding assessment year, deeming them unnecessary and beyond the appeal's scope. The appeal was ultimately dismissed with a clarification on the AAC's jurisdictional overreach. en-us Mon, 29 May 1978 00:00:00 +0530 Tue, 30 Nov 2010 12:32:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55809 The tribunal ruled in a case concerning the taxability of undisclosed investments by a Hindu Undivided Family (HUF) that the investments made in the preceding assessment year were not taxable in the current assessment year. The tribunal upheld the decision that the impugned amount was not liable to tax but noted that the Appellate Assistant Commissioner (AAC) had exceeded jurisdiction by making observations on the taxability of the amount in the preceding assessment year, deeming them unnecessary and beyond the appeal's scope. The appeal was ultimately dismissed with a clarification on the AAC's jurisdictional overreach. Case-Laws Income Tax Mon, 29 May 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55809