https://www.taxtmi.com/caselaws?id=328331 The ITAT upheld the CIT (A) decision to tax individual members separately, dismissing the revenue's appeal for the Assessment Years 2004-05 to 2008-09. The judgment clarified the tax treatment of consortium arrangements like JVs, emphasizing individual member accountability and distinct roles in project execution, in line with the CBDT circular's guidelines. en-us Tue, 26 Apr 2016 00:00:00 +0530 Wed, 01 Jun 2016 21:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328331 The ITAT upheld the CIT (A) decision to tax individual members separately, dismissing the revenue's appeal for the Assessment Years 2004-05 to 2008-09. The judgment clarified the tax treatment of consortium arrangements like JVs, emphasizing individual member accountability and distinct roles in project execution, in line with the CBDT circular's guidelines. Case-Laws Income Tax Tue, 26 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328331