https://www.taxtmi.com/caselaws?id=195874 A partner's share loss from one firm can be set off against share income from other firms under the common business head where the statutory scheme treats the partner's business income and loss as part of total income, and the proviso to section 24(1) operates only as a limited exception. The Jaipur partnership was not treated as a separate assessment unit to defeat the adjustment. The text also states that the Tribunal and High Court may consider the correct question of law arising on the facts found, even if the question was not framed in that exact form earlier, and that the Tribunal must state the case fairly and fully. en-us Thu, 24 Apr 1952 00:00:00 +0530 Mon, 13 Nov 2017 17:34:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=195874 A partner's share loss from one firm can be set off against share income from other firms under the common business head where the statutory scheme treats the partner's business income and loss as part of total income, and the proviso to section 24(1) operates only as a limited exception. The Jaipur partnership was not treated as a separate assessment unit to defeat the adjustment. The text also states that the Tribunal and High Court may consider the correct question of law arising on the facts found, even if the question was not framed in that exact form earlier, and that the Tribunal must state the case fairly and fully. Case-Laws Income Tax Thu, 24 Apr 1952 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=195874