WOA in joint names of different individuals can lead to a valid assessment/s u/s.153A

In the instant case, there is no iota of evidence, nor is it the assessee’s case of it being so, of any joint economic or commercial activity by the four named persons, to suggest even remotely of income/ assets of an AOP. In fact, by all available counts, the information, or at least one of the information, leading to the search action, is the monies received from ANL under the Arbitration Award dated 26.11.2005; the same having not been disclosed in the returns for the respective years. The said income, arising from the joint ownership of the property, in defined ratios, is asses sable...