https://www.taxtmi.com/caselaws?id=174126 A jurisdictional objection to an income-tax assessment had to be raised before the Income-tax Officer at the assessment stage, because the appellate and reference provisions did not extend to the place of assessment; the post-assessment challenge to territorial jurisdiction was therefore not maintainable. A partner's share in firm profits was exempt only where the firm's profits had actually been assessed to income-tax, not merely computed. As the firm had not been assessed to tax and had in fact suffered a loss, the claimed exemption failed and the amount was correctly treated as taxable income in the partner's hands. en-us Wed, 25 Mar 1936 00:00:00 +0530 Wed, 30 Sep 2015 15:28:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=174126 A jurisdictional objection to an income-tax assessment had to be raised before the Income-tax Officer at the assessment stage, because the appellate and reference provisions did not extend to the place of assessment; the post-assessment challenge to territorial jurisdiction was therefore not maintainable. A partner's share in firm profits was exempt only where the firm's profits had actually been assessed to income-tax, not merely computed. As the firm had not been assessed to tax and had in fact suffered a loss, the claimed exemption failed and the amount was correctly treated as taxable income in the partner's hands. Case-Laws Income Tax Wed, 25 Mar 1936 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=174126