https://www.taxtmi.com/caselaws?id=6246 Profits from a snuff business continued by court-appointed receivers after dissolution proceedings were treated as income of an association of persons, not of the individual erstwhile partners. The receivers acted only as representatives of the real owners, and the business was carried on under court supervision for their benefit, with the owners acquiescing in that continuation by accepting periodic payments. For income-tax purposes, liability turns on the unit that earns the income, not on how the profits are later distributed. As the owners had joined in a common business purpose through their representatives, assessment in the character of an association of persons was proper. en-us Wed, 22 Apr 1970 00:00:00 +0530 Mon, 10 Feb 2025 16:39:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=6246 Profits from a snuff business continued by court-appointed receivers after dissolution proceedings were treated as income of an association of persons, not of the individual erstwhile partners. The receivers acted only as representatives of the real owners, and the business was carried on under court supervision for their benefit, with the owners acquiescing in that continuation by accepting periodic payments. For income-tax purposes, liability turns on the unit that earns the income, not on how the profits are later distributed. As the owners had joined in a common business purpose through their representatives, assessment in the character of an association of persons was proper. Case-Laws Income Tax Wed, 22 Apr 1970 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=6246