https://www.taxtmi.com/caselaws?id=168515 Two persons who jointly acquired and managed property to earn income were treated as an association of individuals under Section 3 of the Indian Income Tax Act, 1922. The plain meaning of that phrase was applied, and the narrower ejusdem generis argument was rejected because the statutory context covered income-producing combinations. For assessment under Section 9, the property was treated as a whole, not as undefined fractional shares, so the association was regarded as the owner for property-income assessment. The minority of one co-owner did not change the factual position or prevent assessment, because ownership and association in fact remained decisive. en-us Tue, 30 Mar 1937 00:00:00 +0530 Wed, 11 Mar 2015 10:21:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=168515 Two persons who jointly acquired and managed property to earn income were treated as an association of individuals under Section 3 of the Indian Income Tax Act, 1922. The plain meaning of that phrase was applied, and the narrower ejusdem generis argument was rejected because the statutory context covered income-producing combinations. For assessment under Section 9, the property was treated as a whole, not as undefined fractional shares, so the association was regarded as the owner for property-income assessment. The minority of one co-owner did not change the factual position or prevent assessment, because ownership and association in fact remained decisive. Case-Laws Income Tax Tue, 30 Mar 1937 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=168515