Same transaction can’t be taxed in the hands of two assessees

Rajesh Gupta Vs ITO (ITAT Delhi) The issue under consideration is that whether A.O. is correct in taxing the same turnover in the hands of two assessees? In the given case, the assessment of an assessee has been re-opened on the ground that the Investigation Wing received a tax evasion petitions stating that the assessee being a proprietor of M/s. Satyam Builders has undisclosed income on account of booking of bogus expenses by the bogus bills. There is a allegation of booking of bogus expenses in case of proprietorship namely stayam builders of assessee and other partnership firm namely M/s. ...