https://www.taxtmi.com/caselaws?id=103403 The ITAT canceled the assessment of income at Rs. 4,21,419 in the hands of the assessee as a Body of Individuals after the dissolution of the partnership firm "M/s. United Enterprises." It was held that no Association of Persons (AOP) or Body of Individuals (BOI) existed post-dissolution, as the partners only sold the land individually and did not engage in income-producing activities collectively. The individual disclosure and assessment of capital gains by the co-owners supported the finding that no AOP or BOI was formed after the firm's dissolution. en-us Mon, 28 Jan 2002 00:00:00 +0530 Wed, 22 Feb 2012 16:49:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103403 The ITAT canceled the assessment of income at Rs. 4,21,419 in the hands of the assessee as a Body of Individuals after the dissolution of the partnership firm "M/s. United Enterprises." It was held that no Association of Persons (AOP) or Body of Individuals (BOI) existed post-dissolution, as the partners only sold the land individually and did not engage in income-producing activities collectively. The individual disclosure and assessment of capital gains by the co-owners supported the finding that no AOP or BOI was formed after the firm's dissolution. Case-Laws Income Tax Mon, 28 Jan 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103403