https://www.taxtmi.com/caselaws?id=7012 The appellate authority's powers under the Income-tax Act extend to determining the correct status of an assessee and substituting that status where the issue is already on record. A group that has combined for the common purpose of carrying on business and earning profits may be assessed as an association of persons when no valid firm exists. Where the assessee's status is corrected from a firm to an association of persons, related objections such as salary disallowance may require fresh consideration in the interests of justice. en-us Thu, 14 Sep 1967 00:00:00 +0530 Sat, 07 Feb 2009 19:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7012 The appellate authority's powers under the Income-tax Act extend to determining the correct status of an assessee and substituting that status where the issue is already on record. A group that has combined for the common purpose of carrying on business and earning profits may be assessed as an association of persons when no valid firm exists. Where the assessee's status is corrected from a firm to an association of persons, related objections such as salary disallowance may require fresh consideration in the interests of justice. Case-Laws Income Tax Thu, 14 Sep 1967 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7012