https://www.taxtmi.com/caselaws?id=244940 The Court dismissed the appeal, emphasizing that relief under Section 67A of the Income Tax Act hinges on income determination at the AOP level. As the AOP failed to file returns timely, the assessee's claim for depreciation loss from a joint venture was rejected. The Court clarified that individual members cannot benefit if the AOP does not comply with filing requirements, underscoring the independent application of Section 67A without relevance to Section 80 of the Income Tax Act. en-us Mon, 03 Mar 2014 00:00:00 +0530 Fri, 06 Jun 2014 11:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=244940 The Court dismissed the appeal, emphasizing that relief under Section 67A of the Income Tax Act hinges on income determination at the AOP level. As the AOP failed to file returns timely, the assessee's claim for depreciation loss from a joint venture was rejected. The Court clarified that individual members cannot benefit if the AOP does not comply with filing requirements, underscoring the independent application of Section 67A without relevance to Section 80 of the Income Tax Act. Case-Laws Income Tax Mon, 03 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=244940