https://www.taxtmi.com/caselaws?id=17426 The High Court of Madhya Pradesh dismissed the Revenue's application seeking a direction to the Tribunal to refer questions regarding the assessment year 1987-88. The case involved the constitution of an association of persons and the assessment of income in the hands of partners and the association. The Tribunal's decision, based on factual findings and legal precedents, held that income assessed in the hands of partners cannot be reassessed in the hands of the association. The court upheld the Tribunal's decision, emphasizing that income is taxed only once in the hands of the same entity and that no further referral was necessary. en-us Wed, 18 Sep 1996 00:00:00 +0530 Tue, 22 Sep 2009 13:15:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17426 The High Court of Madhya Pradesh dismissed the Revenue's application seeking a direction to the Tribunal to refer questions regarding the assessment year 1987-88. The case involved the constitution of an association of persons and the assessment of income in the hands of partners and the association. The Tribunal's decision, based on factual findings and legal precedents, held that income assessed in the hands of partners cannot be reassessed in the hands of the association. The court upheld the Tribunal's decision, emphasizing that income is taxed only once in the hands of the same entity and that no further referral was necessary. Case-Laws Income Tax Wed, 18 Sep 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17426