https://www.taxtmi.com/caselaws?id=17467 The court ruled in favor of the Revenue, holding that the income from the partnership business should be assessed in the year 1978-79 based on the previous year ending on March 31, 1978, aligning with the firm's assessment period. The court emphasized the application of section 3(1)(f) of the Income-tax Act, 1961 and cited precedents to support its decision, highlighting consistency with decisions from other High Courts while noting a differing approach by the Andhra Pradesh High Court. en-us Tue, 18 Mar 1997 00:00:00 +0530 Tue, 22 Sep 2009 15:27:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17467 The court ruled in favor of the Revenue, holding that the income from the partnership business should be assessed in the year 1978-79 based on the previous year ending on March 31, 1978, aligning with the firm's assessment period. The court emphasized the application of section 3(1)(f) of the Income-tax Act, 1961 and cited precedents to support its decision, highlighting consistency with decisions from other High Courts while noting a differing approach by the Andhra Pradesh High Court. Case-Laws Income Tax Tue, 18 Mar 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17467