https://www.taxtmi.com/caselaws?id=62352 The Tribunal dismissed the Revenue's appeal, ruling that the undisclosed income from the toddy and arrack business should be assessed in the hands of M/s Malabar Associates, the firm, and not the individual assessee. The decision was based on statutory provisions and evidence showing the income belonged to the firm, not the individual partner. The President, concurring with the Judicial Member, emphasized preventing double taxation by assessing the income in the firm's hands. en-us Fri, 14 Aug 2009 00:00:00 +0530 Wed, 19 Jan 2011 14:49:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62352 The Tribunal dismissed the Revenue's appeal, ruling that the undisclosed income from the toddy and arrack business should be assessed in the hands of M/s Malabar Associates, the firm, and not the individual assessee. The decision was based on statutory provisions and evidence showing the income belonged to the firm, not the individual partner. The President, concurring with the Judicial Member, emphasized preventing double taxation by assessing the income in the firm's hands. Case-Laws Income Tax Fri, 14 Aug 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62352