https://www.taxtmi.com/caselaws?id=185482 ITAT held the reassessment proceedings invalid and quashed them, finding that an AOP comprising co-owners need not have its income from house property quantified for individual co-owners' shares to be taxed under s.26. The reassessment premised on alleged non-payment of municipal taxes and the need to determine AOP income was unnecessary because quantification in the AOP's hands is not a prerequisite for taxing co-owners' shares; accordingly, no income had escaped assessment in the AOP and reopening was unsustainable. en-us Fri, 28 Jan 2011 00:00:00 +0530 Wed, 20 Aug 2025 16:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=185482 ITAT held the reassessment proceedings invalid and quashed them, finding that an AOP comprising co-owners need not have its income from house property quantified for individual co-owners' shares to be taxed under s.26. The reassessment premised on alleged non-payment of municipal taxes and the need to determine AOP income was unnecessary because quantification in the AOP's hands is not a prerequisite for taxing co-owners' shares; accordingly, no income had escaped assessment in the AOP and reopening was unsustainable. Case-Laws Income Tax Fri, 28 Jan 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=185482