https://www.taxtmi.com/caselaws?id=2040 The High Court ruled in favor of the Revenue, holding that the appellant was not eligible for relief under section 86(v) of the Income-tax Act, 1961. The court emphasized that the rebate is only applicable to the portion of income on which tax has been paid by the association, not the entire amount as claimed by the assessee. The judgment highlighted the importance of adhering to the specific language and conditions of the tax provisions for claiming rebates on income from AOPs. en-us Sun, 04 Mar 2007 00:00:00 +0530 Sat, 02 Aug 2008 12:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=2040 The High Court ruled in favor of the Revenue, holding that the appellant was not eligible for relief under section 86(v) of the Income-tax Act, 1961. The court emphasized that the rebate is only applicable to the portion of income on which tax has been paid by the association, not the entire amount as claimed by the assessee. The judgment highlighted the importance of adhering to the specific language and conditions of the tax provisions for claiming rebates on income from AOPs. Case-Laws Income Tax Sun, 04 Mar 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=2040