Content of locker assessible in the hands of first owner of locker

Komal Nagpal Vs DCIT (ITAT Delhi) ITAT Delhi held that locker being in joint names and first name was indicative of real ownership and hence the assessment of the contents of the locker should be rightly done in the hands of the first owner of the locker. Facts- The core issue in this case revolves around the taxability of Rs. 11,97,500 of cash found in the locker No. 109 with ICICI Bank, New Delhi. During the course of search proceedings, a warrant has been issued to search the premises of the locker No 109 standing in the name of Komal Nagpal and Nirmal Bhandari on 15.06.2016. During the cou...