https://www.taxtmi.com/caselaws?id=71118 The Tribunal dismissed both appeals by the Department and the assessee, affirming the decision to exclude income accrued after the establishment of the sub-partnership in November 1971 from the assessee's assessment. The judgment clarified the legal permissibility of partnerships involving a Trust and an individual, emphasizing the validity of the sub-partnership and the division of income based on the effective partnership agreement. en-us Thu, 24 Feb 1977 00:00:00 +0530 Thu, 21 Apr 2011 14:51:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71118 The Tribunal dismissed both appeals by the Department and the assessee, affirming the decision to exclude income accrued after the establishment of the sub-partnership in November 1971 from the assessee's assessment. The judgment clarified the legal permissibility of partnerships involving a Trust and an individual, emphasizing the validity of the sub-partnership and the division of income based on the effective partnership agreement. Case-Laws Income Tax Thu, 24 Feb 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71118