https://www.taxtmi.com/caselaws?id=277194 Co-heirs with ascertainable shares may still be treated as an association of persons where the proved facts show joint management, joint letting of property, common receipt of rent, no actual separation of shares in revenue records, and common dealing with income from a shared fund. Mere co-ownership does not by itself rule out that character; the determination depends on the cumulative effect of the parties' conduct and the surrounding facts, including their own returns and prior treatment. On those facts, the assessees were held to constitute an association of persons within section 3 of the Indian Income-tax Act, and the issue was answered in favour of the Revenue. en-us Mon, 03 Aug 1953 00:00:00 +0530 Wed, 28 Nov 2018 15:07:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277194 Co-heirs with ascertainable shares may still be treated as an association of persons where the proved facts show joint management, joint letting of property, common receipt of rent, no actual separation of shares in revenue records, and common dealing with income from a shared fund. Mere co-ownership does not by itself rule out that character; the determination depends on the cumulative effect of the parties' conduct and the surrounding facts, including their own returns and prior treatment. On those facts, the assessees were held to constitute an association of persons within section 3 of the Indian Income-tax Act, and the issue was answered in favour of the Revenue. Case-Laws Income Tax Mon, 03 Aug 1953 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277194