https://www.taxtmi.com/caselaws?id=66160 The Tribunal ruled in favor of the firm, stating that income from house property and capital gains should be assessed in the hands of individual partners rather than as an Association of Persons (AOP). The assessment made by the Income Tax Officer (ITO) and upheld by the Commissioner (Appeals) was deleted. The Tribunal held that the partners did not associate in an income-producing activity post-dissolution, and income should be assessed individually based on their respective shares. en-us Fri, 04 Sep 1981 00:00:00 +0530 Mon, 21 Feb 2011 18:22:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66160 The Tribunal ruled in favor of the firm, stating that income from house property and capital gains should be assessed in the hands of individual partners rather than as an Association of Persons (AOP). The assessment made by the Income Tax Officer (ITO) and upheld by the Commissioner (Appeals) was deleted. The Tribunal held that the partners did not associate in an income-producing activity post-dissolution, and income should be assessed individually based on their respective shares. Case-Laws Income Tax Fri, 04 Sep 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66160