https://www.taxtmi.com/caselaws?id=14698 The High Court of CALCUTTA held that a joint venture of two partnership firms does not qualify as a "person" for tax purposes under the Income-tax Act, 1961. The court ruled that the joint venture lacked juristic legal entity status and could not be subjected to assessment. Additionally, the court determined that taxing the income from the joint venture would amount to double taxation since it had already been assessed and taxed by the individual petitioner firms. As a result, the court set aside the notice issued to the joint venture and confirmed the interim order in favor of the petitioners, with no costs awarded. en-us Mon, 27 Nov 2000 00:00:00 +0530 Sat, 18 Jul 2009 11:15:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14698 The High Court of CALCUTTA held that a joint venture of two partnership firms does not qualify as a "person" for tax purposes under the Income-tax Act, 1961. The court ruled that the joint venture lacked juristic legal entity status and could not be subjected to assessment. Additionally, the court determined that taxing the income from the joint venture would amount to double taxation since it had already been assessed and taxed by the individual petitioner firms. As a result, the court set aside the notice issued to the joint venture and confirmed the interim order in favor of the petitioners, with no costs awarded. Case-Laws Income Tax Mon, 27 Nov 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14698