https://www.taxtmi.com/caselaws?id=11937 The High Court upheld the decision of the Tribunal regarding the application of section 155(1) of the Income-tax Act for revising the partner's share in the firm. The Court found no illegality in the Tribunal's order and dismissed the appeal challenging the Tribunal's decision. The Tribunal correctly held that the original assessment of the partner should have been revised under section 155(1) instead of section 147, emphasizing the proper application of the law in revising the shares of partners in the firm. en-us Tue, 11 Feb 2003 00:00:00 +0530 Fri, 12 Feb 2010 12:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11937 The High Court upheld the decision of the Tribunal regarding the application of section 155(1) of the Income-tax Act for revising the partner's share in the firm. The Court found no illegality in the Tribunal's order and dismissed the appeal challenging the Tribunal's decision. The Tribunal correctly held that the original assessment of the partner should have been revised under section 155(1) instead of section 147, emphasizing the proper application of the law in revising the shares of partners in the firm. Case-Laws Income Tax Tue, 11 Feb 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11937