https://www.taxtmi.com/caselaws?id=12241 The court considered the interpretation of provisions under the Income-tax Act for block assessment, focusing on legal fictions and the assessment status of an association of persons versus a firm. It analyzed the application of statutory provisions, specifically under section 158BB(2), in block assessments, emphasizing the distinction between questions of law and fact. The court found the Tribunal's rejection of the application under section 256(1) to be erroneous and directed the Tribunal to refer two reframed questions for its opinion, addressing the applicability of legal fictions in block assessments and the independent assessment of a firm constituted of the same persons. en-us Fri, 12 Oct 2001 00:00:00 +0530 Sat, 20 Feb 2010 11:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12241 The court considered the interpretation of provisions under the Income-tax Act for block assessment, focusing on legal fictions and the assessment status of an association of persons versus a firm. It analyzed the application of statutory provisions, specifically under section 158BB(2), in block assessments, emphasizing the distinction between questions of law and fact. The court found the Tribunal's rejection of the application under section 256(1) to be erroneous and directed the Tribunal to refer two reframed questions for its opinion, addressing the applicability of legal fictions in block assessments and the independent assessment of a firm constituted of the same persons. Case-Laws Income Tax Fri, 12 Oct 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12241