https://www.taxtmi.com/caselaws?id=276238 Joint court receivers authorised to carry on a snuff business and in fact conducting it together can constitute an association of persons if they combine in common action to produce income. Section 10 of the Income-tax Act, 1922 applies to the substantive charge where the business is carried on in that joint capacity, while section 41 is only a machinery provision for assessment and recovery from a receiver receiving income on behalf of others. On these facts, the receivers' income was properly assessable as income of an association of persons, and the assessment was sustainable under section 10 read with section 41. en-us Tue, 30 Nov 1965 00:00:00 +0530 Fri, 02 Nov 2018 18:32:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=276238 Joint court receivers authorised to carry on a snuff business and in fact conducting it together can constitute an association of persons if they combine in common action to produce income. Section 10 of the Income-tax Act, 1922 applies to the substantive charge where the business is carried on in that joint capacity, while section 41 is only a machinery provision for assessment and recovery from a receiver receiving income on behalf of others. On these facts, the receivers' income was properly assessable as income of an association of persons, and the assessment was sustainable under section 10 read with section 41. Case-Laws Income Tax Tue, 30 Nov 1965 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=276238