https://www.taxtmi.com/caselaws?id=192811 Co-sharers of income-producing property were not treated as an "association of individuals" under Section 3 of the Income-tax Act, 1922 because the expression was construed as covering bodies with a common purpose or firm-like attributes, not every group of co-owners. Mere appointment of collecting agents to receive rent and keep accounts, with some collections made individually and no sufficient common scheme of management, was insufficient to establish such an association. The reference was therefore answered against the Revenue and in favour of the assessee. en-us Fri, 07 Aug 1936 00:00:00 +0530 Thu, 22 Jun 2017 17:47:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=192811 Co-sharers of income-producing property were not treated as an "association of individuals" under Section 3 of the Income-tax Act, 1922 because the expression was construed as covering bodies with a common purpose or firm-like attributes, not every group of co-owners. Mere appointment of collecting agents to receive rent and keep accounts, with some collections made individually and no sufficient common scheme of management, was insufficient to establish such an association. The reference was therefore answered against the Revenue and in favour of the assessee. Case-Laws Income Tax Fri, 07 Aug 1936 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=192811