S. 2(47)(v) Possession need not necessarily be sole & exclusive

ITAT HYDERABAD BENCH ‘B’ Assistant Commissioner of Income-tax vs. A. Ram Reddy IT APPEAL NOs. 407, 408, 409, 483 and 484 (HYD.) OF 2011 [ASSESSMENT YEARs 2002-03 and 2008-09] JULY 2, 2012 ORDER Chandra Poojari, Accountant Member ITA No. 483/Hyd/2011 and 484/Hyd/2011 are appeals by different assessees and ITA Nos. 407 to 409/Hyd/2011 are Departmental appeals. As certain issues involved in these appeals are common in nature, all these appeals are clubbed, heard and disposed of together by this common order for the sake of convenience. 2. Firstly we will take up asse...