https://www.taxtmi.com/caselaws?id=277155 Registration of a partnership firm under section 26-A of the Indian Income-tax Act, 1922 affected only the firm's procedural status and the tax consequences flowing from registration; it did not alter the charging scheme requiring assessment of an individual's true total income. Where the Tribunal found that the assessee's son was only a name-lender and the profits standing in his name ly belonged to the assessee, the Income-tax Officer was entitled to disregard the nominal entry and assess the real owner. Sections 26-A, 14(2)(b), 48 and 55 did not create any estoppel against assessment of the assessee's correct income. en-us Fri, 08 Sep 1944 00:00:00 +0630 Tue, 27 Nov 2018 13:18:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277155 Registration of a partnership firm under section 26-A of the Indian Income-tax Act, 1922 affected only the firm's procedural status and the tax consequences flowing from registration; it did not alter the charging scheme requiring assessment of an individual's true total income. Where the Tribunal found that the assessee's son was only a name-lender and the profits standing in his name ly belonged to the assessee, the Income-tax Officer was entitled to disregard the nominal entry and assess the real owner. Sections 26-A, 14(2)(b), 48 and 55 did not create any estoppel against assessment of the assessee's correct income. Case-Laws Income Tax Fri, 08 Sep 1944 00:00:00 +0630 https://www.taxtmi.com/caselaws?id=277155