https://www.taxtmi.com/caselaws?id=7653 Under the Income-tax Act, 1922, a firm and its partners are alternative assessable entities for the same partnership income, because the charging language is disjunctive. If the revenue has already validly assessed the partner's share income, it cannot make a second substantive assessment of the same income in the hands of the unregistered firm. Provisions relied on for correction or modification do not authorise double assessment or a fresh charge on the same income. The result is that only one assessment route may be adopted for the same partnership income, either against the firm or against the partners individually, but not both. en-us Fri, 29 Aug 1969 00:00:00 +0530 Tue, 17 Mar 2009 10:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7653 Under the Income-tax Act, 1922, a firm and its partners are alternative assessable entities for the same partnership income, because the charging language is disjunctive. If the revenue has already validly assessed the partner's share income, it cannot make a second substantive assessment of the same income in the hands of the unregistered firm. Provisions relied on for correction or modification do not authorise double assessment or a fresh charge on the same income. The result is that only one assessment route may be adopted for the same partnership income, either against the firm or against the partners individually, but not both. Case-Laws Income Tax Fri, 29 Aug 1969 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7653