https://www.taxtmi.com/caselaws?id=18515 The High Court of Kerala ruled in favor of the assessees, finding no illegality in clubbing the income from two separate partnerships. The Court highlighted the familial relationship among partners in one partnership compared to strangers in the other, supporting the agreed arrangement by the individuals. The judgment emphasized the significance of factual circumstances and agreements between partners in determining income assessment for tax purposes. The Court directed the Tribunal to provide a copy of the judgment to the concerned parties. en-us Thu, 25 Jan 1996 00:00:00 +0530 Thu, 01 Oct 2009 13:36:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18515 The High Court of Kerala ruled in favor of the assessees, finding no illegality in clubbing the income from two separate partnerships. The Court highlighted the familial relationship among partners in one partnership compared to strangers in the other, supporting the agreed arrangement by the individuals. The judgment emphasized the significance of factual circumstances and agreements between partners in determining income assessment for tax purposes. The Court directed the Tribunal to provide a copy of the judgment to the concerned parties. Case-Laws Income Tax Thu, 25 Jan 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18515