https://www.taxtmi.com/caselaws?id=19433 The High Court held that there was no diversion of 50% share income at source from the beginning of 1971. The court found that until November 26, 1971, the income belonged solely to the assessee, and only after that date did it become part of the sub-partnership. The judgment favored the Revenue, affirming the Appellate Assistant Commissioner's decision that the income should be governed by the sub-partnership from November 1971 onwards. The court directed further action by the Income-tax Appellate Tribunal, "A" Bench, Patna. en-us Thu, 07 Apr 1994 00:00:00 +0530 Fri, 06 Nov 2009 11:45:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19433 The High Court held that there was no diversion of 50% share income at source from the beginning of 1971. The court found that until November 26, 1971, the income belonged solely to the assessee, and only after that date did it become part of the sub-partnership. The judgment favored the Revenue, affirming the Appellate Assistant Commissioner's decision that the income should be governed by the sub-partnership from November 1971 onwards. The court directed further action by the Income-tax Appellate Tribunal, "A" Bench, Patna. Case-Laws Income Tax Thu, 07 Apr 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19433