https://www.taxtmi.com/caselaws?id=276513 An unregistered firm could not be assessed again on partnership income after the same income had already been finally assessed in the hands of all partners. The charging provision treated the firm and its partners as distinct assessable units, but the revenue could not exercise its option both ways in respect of the same income once it had chosen to tax the partners in full. Procedural provisions governing firm assessments and rectification of partners' assessments did not authorise a second substantive assessment of income already taxed. The assessment of the firm was therefore held improper and illegal. en-us Wed, 04 Jul 1962 00:00:00 +0530 Tue, 13 Nov 2018 11:09:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=276513 An unregistered firm could not be assessed again on partnership income after the same income had already been finally assessed in the hands of all partners. The charging provision treated the firm and its partners as distinct assessable units, but the revenue could not exercise its option both ways in respect of the same income once it had chosen to tax the partners in full. Procedural provisions governing firm assessments and rectification of partners' assessments did not authorise a second substantive assessment of income already taxed. The assessment of the firm was therefore held improper and illegal. Case-Laws Income Tax Wed, 04 Jul 1962 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=276513