https://www.taxtmi.com/caselaws?id=5520 Under the Indian Income-tax Act, 1922, the assessing authority could tax either the firm or its partners on firm income, but a double assessment could arise only if that statutory option was consciously exercised one way. The earlier assessment of the partner was provisional and expressly left open for rectification, while the firm's assessment order did not show awareness of a prior final assessment on the same income. On those facts, the Tribunal found that the option had not been exercised against the firm, so the firm's assessment remained valid and was not invalidated by the partner's earlier assessment. en-us Fri, 05 Jan 1996 00:00:00 +0530 Tue, 25 Nov 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5520 Under the Indian Income-tax Act, 1922, the assessing authority could tax either the firm or its partners on firm income, but a double assessment could arise only if that statutory option was consciously exercised one way. The earlier assessment of the partner was provisional and expressly left open for rectification, while the firm's assessment order did not show awareness of a prior final assessment on the same income. On those facts, the Tribunal found that the option had not been exercised against the firm, so the firm's assessment remained valid and was not invalidated by the partner's earlier assessment. Case-Laws Income Tax Fri, 05 Jan 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5520