https://www.taxtmi.com/caselaws?id=158708 The court ruled in favor of the Revenue, establishing that the previous year followed by the firm should be considered for assessing a partner's share income, as per the provisions of the Income Tax Act, 1961. This decision clarified that the assessment of share income should align with the firm's previous year, even if it differs from the partner's individual previous year for other income. en-us Tue, 21 Feb 2006 00:00:00 +0530 Tue, 05 Nov 2013 18:07:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=158708 The court ruled in favor of the Revenue, establishing that the previous year followed by the firm should be considered for assessing a partner's share income, as per the provisions of the Income Tax Act, 1961. This decision clarified that the assessment of share income should align with the firm's previous year, even if it differs from the partner's individual previous year for other income. Case-Laws Income Tax Tue, 21 Feb 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=158708