https://www.taxtmi.com/caselaws?id=69534 The Appellate Tribunal ITAT MADRAS held that the vendors inheriting property could not be classified as an "Association of Persons" (AOP) due to their familial relationship, and they also did not qualify as a "Body of Individuals" (BOI) as they were not engaged in profit-making activities. The assessment in the status of an AOP was deemed unsustainable, and the status of a BOI was rejected. Consequently, the assessment was canceled, and the appeal was allowed in favor of the assessee. en-us Thu, 11 May 1989 00:00:00 +0530 Thu, 07 Apr 2011 14:58:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69534 The Appellate Tribunal ITAT MADRAS held that the vendors inheriting property could not be classified as an "Association of Persons" (AOP) due to their familial relationship, and they also did not qualify as a "Body of Individuals" (BOI) as they were not engaged in profit-making activities. The assessment in the status of an AOP was deemed unsustainable, and the status of a BOI was rejected. Consequently, the assessment was canceled, and the appeal was allowed in favor of the assessee. Case-Laws Income Tax Thu, 11 May 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69534