1976 (2) TMI 54

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.... issue. These are conveniently considered together and disposed of by a common order. The Department has come up in appeal against the order of the AAC holding that the assessee's share in the undisclosed income of the firm M/sS.M. Ram Lal & Co. as a result of a settlement made by the firm cannot form part of the assessable wealth of the assessee who is a partner of the firm and his giving the con....

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....3 excepting the asst. yr. 1964-65 in which the corresponding-addition as per the assessment order was only Rs. 10,124. The assessee went in appeal to the AAG who accepted the assessee's contention following the view taken by the AAC, Special Range II an the same point in the cases of two other partners Sagar Chand and Baldev Kumar. The Department has come up in appeal against the order of the AAC.....

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....y he submitted that the additions made for the asst. yr. 1964-65 was only Rs. 10,124 and not Rs. 23,531 and the AAC had deleted only the amount of Rs. 10,124 & hence the Department could not refer to a relief of Rs. 23,531 in its ground of appeal for that year. On behalf of the Department this factual position was not controverted. 3. We find that an identical issue has been decided by the Trib....