https://www.taxtmi.com/caselaws?id=60012 The appeal was allowed for statistical purposes, emphasizing the need for a thorough and accurate assessment of income ownership in cases involving trusts and business entities to ensure fair and valid tax assessments. The lack of clarity on the ownership of M/s Kerorimal Pansari & Co. and the legitimacy of the 'Pansari Family Trust' led to the setting aside of lower authorities' orders. The matter was remanded to the assessing officer to determine the rightful owner of the company and reassess its income, highlighting the importance of proper assessment procedures in such complex tax matters. en-us Fri, 03 Nov 1989 00:00:00 +0530 Mon, 03 Jan 2011 12:45:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60012 The appeal was allowed for statistical purposes, emphasizing the need for a thorough and accurate assessment of income ownership in cases involving trusts and business entities to ensure fair and valid tax assessments. The lack of clarity on the ownership of M/s Kerorimal Pansari & Co. and the legitimacy of the 'Pansari Family Trust' led to the setting aside of lower authorities' orders. The matter was remanded to the assessing officer to determine the rightful owner of the company and reassess its income, highlighting the importance of proper assessment procedures in such complex tax matters. Case-Laws Income Tax Fri, 03 Nov 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60012