Income clubbing dispute resolved by prior ruling, excluding related concerns' incomes from the assessee's taxable income.

The Rajasthan HC applied its earlier decision in the connected reference for the same assessment years and held that the incomes of Curious House, Birdhi Chand Pannalal and Birdhi Chand & Sons could not be included in the assessee's income. The Court treated the issue as already covered by the prior ruling and, on that basis, excluded those concerns' incomes from the assessee's assessment. The reference was answered in favour of the assessee and against the Revenue.

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Issues: Whether the incomes of Curious House, Birdhi Chand Pannalal and Birdhi Chand & Sons were includible in the income of the assessee.

Analysis: The issue was covered by the earlier decision in the connected reference concerning the same assessment years. Following that decision, the Court held that the incomes of the said concerns could not be brought into the assessee's income.

Conclusion: The incomes were not includible as part of the assessee's income, and the reference was answered in favour of the assessee and against the Revenue.

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