Treatment of spouse's partnership loss: such losses are not attributable to the individual for assessment; prior circular withdrawn. A spouse's share of loss in a partnership is not to be attributed to the individual partner for assessment under the income attribution provisions; prior administrative guidance directing set off and carry forward of such family member losses is withdrawn and assessing officers must apply the accepted legal position.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Treatment of spouse's partnership loss: such losses are not attributable to the individual for assessment; prior circular withdrawn.
A spouse's share of loss in a partnership is not to be attributed to the individual partner for assessment under the income attribution provisions; prior administrative guidance directing set off and carry forward of such family member losses is withdrawn and assessing officers must apply the accepted legal position.
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