https://www.taxtmi.com/caselaws?id=9813 The court ruled in favor of the Revenue, holding that the share income of the assessee from the partnership firm should be assessed based on the firm's previous year, aligning with the firm's accounting year rather than the individual partner's calendar year. This decision clarified that the partner's share income should be computed for the same period as the firm's income for tax assessment purposes, emphasizing the interpretation of the Income-tax Act in this context. en-us Tue, 21 Feb 2006 00:00:00 +0530 Wed, 01 Jul 2009 17:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9813 The court ruled in favor of the Revenue, holding that the share income of the assessee from the partnership firm should be assessed based on the firm's previous year, aligning with the firm's accounting year rather than the individual partner's calendar year. This decision clarified that the partner's share income should be computed for the same period as the firm's income for tax assessment purposes, emphasizing the interpretation of the Income-tax Act in this context. Case-Laws Income Tax Tue, 21 Feb 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9813