https://www.taxtmi.com/caselaws?id=17721 Income arising from partnership interests held by trustees of distinct family trusts is not liable to clubbing with a spouse's income where the trustees act in a representative capacity and the trust property retains its character; section 9(2)(a)(i) of the Agricultural Income-tax Act, 1950 applies to personal spousal partnership income, not to income already assessed in trust hands. The article also states that suo motu revisional power under section 34, though uncapped by express limitation, must be exercised within a reasonable time; a revision started more than six years after assessment, without explanation for the delay, was treated as barred by laches and invalid. en-us Fri, 12 Jul 1996 00:00:00 +0530 Thu, 24 Sep 2009 13:16:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17721 Income arising from partnership interests held by trustees of distinct family trusts is not liable to clubbing with a spouse's income where the trustees act in a representative capacity and the trust property retains its character; section 9(2)(a)(i) of the Agricultural Income-tax Act, 1950 applies to personal spousal partnership income, not to income already assessed in trust hands. The article also states that suo motu revisional power under section 34, though uncapped by express limitation, must be exercised within a reasonable time; a revision started more than six years after assessment, without explanation for the delay, was treated as barred by laches and invalid. Case-Laws Income Tax Fri, 12 Jul 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17721