https://www.taxtmi.com/caselaws?id=275714 Section 40 was treated as a machinery provision for representative assessment of trustees or guardians, not as an exclusive charging provision. Where the properties of several persons were pooled and one business was carried on with combined resources, the business could be regarded as a single business under Section 3 and assessed in the hands of the person actually carrying it on on behalf of the group. The fact that the beneficial interests were divided between a widow and minor children did not require separate assessments on their respective shares, because the income arose from one business carried on as a unit. en-us Mon, 18 Jan 1932 00:00:00 +0530 Sat, 13 Oct 2018 12:55:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=275714 Section 40 was treated as a machinery provision for representative assessment of trustees or guardians, not as an exclusive charging provision. Where the properties of several persons were pooled and one business was carried on with combined resources, the business could be regarded as a single business under Section 3 and assessed in the hands of the person actually carrying it on on behalf of the group. The fact that the beneficial interests were divided between a widow and minor children did not require separate assessments on their respective shares, because the income arose from one business carried on as a unit. Case-Laws Income Tax Mon, 18 Jan 1932 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=275714