https://www.taxtmi.com/caselaws?id=12945 A receiver appointed only to collect theatre income and distribute it among co-owners, without authority to carry on business, cannot be assessed as an association of persons. The hire receipts from the theatre were treated as income from property rather than business income, and the receiver was assessable only in the capacity of an agent or trustee of the individual owners. Assessment of the receiver as a single unit was therefore not sustainable, and the questions were answered against the Revenue and in favour of the assessee. en-us Thu, 23 Aug 2001 00:00:00 +0530 Mon, 25 May 2009 14:15:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12945 A receiver appointed only to collect theatre income and distribute it among co-owners, without authority to carry on business, cannot be assessed as an association of persons. The hire receipts from the theatre were treated as income from property rather than business income, and the receiver was assessable only in the capacity of an agent or trustee of the individual owners. Assessment of the receiver as a single unit was therefore not sustainable, and the questions were answered against the Revenue and in favour of the assessee. Case-Laws Income Tax Thu, 23 Aug 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12945