https://www.taxtmi.com/caselaws?id=8595 Separate co-owners do not constitute an association of individuals merely because they live together or one member manages the property. An association arises only where two or more persons combine in a common purpose or common action for the production of income, supported by proof of agreement to exploit the property jointly for their common benefit. After partition by metes and bounds, each sharer becomes the exclusive owner of the allotted parcel, and the income from each share cannot be clubbed as income of one association in the absence of a joint venture or legally recognisable common holding. The assessment of the entire property as income of an association of individuals is therefore not sustainable. en-us Tue, 18 Apr 1972 00:00:00 +0530 Tue, 05 May 2009 17:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8595 Separate co-owners do not constitute an association of individuals merely because they live together or one member manages the property. An association arises only where two or more persons combine in a common purpose or common action for the production of income, supported by proof of agreement to exploit the property jointly for their common benefit. After partition by metes and bounds, each sharer becomes the exclusive owner of the allotted parcel, and the income from each share cannot be clubbed as income of one association in the absence of a joint venture or legally recognisable common holding. The assessment of the entire property as income of an association of individuals is therefore not sustainable. Case-Laws Income Tax Tue, 18 Apr 1972 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8595