https://www.taxtmi.com/caselaws?id=168517 The phrase "association of individuals" in the charging provisions of the Income-tax Act, 1922 was construed contextually to mean an association of human beings, not an association of companies. Because the statute distinguished an individual from a Hindu undivided family, company and firm, the word "individual" was read as a human being in that setting. Limited companies, being separate legal entities, did not enlarge the statutory phrase. The assessee association, consisting predominantly of companies with one individual member, was therefore not chargeable as an association of individuals, and the reference was answered in favour of the assessee. en-us Mon, 20 Mar 1939 00:00:00 +0530 Thu, 20 Feb 2025 17:12:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=168517 The phrase "association of individuals" in the charging provisions of the Income-tax Act, 1922 was construed contextually to mean an association of human beings, not an association of companies. Because the statute distinguished an individual from a Hindu undivided family, company and firm, the word "individual" was read as a human being in that setting. Limited companies, being separate legal entities, did not enlarge the statutory phrase. The assessee association, consisting predominantly of companies with one individual member, was therefore not chargeable as an association of individuals, and the reference was answered in favour of the assessee. Case-Laws Income Tax Mon, 20 Mar 1939 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=168517