https://www.taxtmi.com/caselaws?id=19437 The High Court considered the interpretation of a compromise order regarding the income of two distinct groups within a transport company for assessment purposes. The court concluded that the income generated by each group should be assessed separately as per the court's order, emphasizing that the income belonged to the respective groups and not automatically to the company as a whole. The court found that regardless of the assessment approach, there would be no revenue loss, and therefore, deemed the question raised in the reference to be academic, returning the reference unanswered. en-us Wed, 28 Sep 1994 00:00:00 +0530 Fri, 06 Nov 2009 11:53:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19437 The High Court considered the interpretation of a compromise order regarding the income of two distinct groups within a transport company for assessment purposes. The court concluded that the income generated by each group should be assessed separately as per the court's order, emphasizing that the income belonged to the respective groups and not automatically to the company as a whole. The court found that regardless of the assessment approach, there would be no revenue loss, and therefore, deemed the question raised in the reference to be academic, returning the reference unanswered. Case-Laws Income Tax Wed, 28 Sep 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19437