https://www.taxtmi.com/caselaws?id=66513 The Tribunal held that the assessee did not qualify as an Association of Persons (AOP) for tax purposes. It ruled that the income should be assessed individually for each co-owner based on factors such as separate receipt of rent, individual liability for losses, and the application of the rule of consistency in tax assessments. The Tribunal emphasized that the property could not be divided without risking damage, supporting the decision for separate assessments of the co-owners. en-us Fri, 30 Sep 1988 00:00:00 +0530 Sat, 26 Feb 2011 12:36:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66513 The Tribunal held that the assessee did not qualify as an Association of Persons (AOP) for tax purposes. It ruled that the income should be assessed individually for each co-owner based on factors such as separate receipt of rent, individual liability for losses, and the application of the rule of consistency in tax assessments. The Tribunal emphasized that the property could not be divided without risking damage, supporting the decision for separate assessments of the co-owners. Case-Laws Income Tax Fri, 30 Sep 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66513