https://www.taxtmi.com/caselaws?id=7226 The charging provision was read to permit assessment of income only once, but not to prevent assessment of a firm merely because its partners had already been assessed individually on their shares. For a registered firm, the statutory scheme required assessment of the firm's total income, followed by allocation of each partner's share, with rectification machinery available if partner assessments needed adjustment after the firm's income was determined. The prior individual assessments of the partners therefore did not invalidate assessment of the firm in its proper status, and the issue was answered against the assessee. en-us Wed, 27 Mar 1968 00:00:00 +0530 Mon, 16 Feb 2009 08:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7226 The charging provision was read to permit assessment of income only once, but not to prevent assessment of a firm merely because its partners had already been assessed individually on their shares. For a registered firm, the statutory scheme required assessment of the firm's total income, followed by allocation of each partner's share, with rectification machinery available if partner assessments needed adjustment after the firm's income was determined. The prior individual assessments of the partners therefore did not invalidate assessment of the firm in its proper status, and the issue was answered against the assessee. Case-Laws Income Tax Wed, 27 Mar 1968 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7226