https://www.taxtmi.com/caselaws?id=284760 Where a registered firm had been assessed under section 23(5) of the Income-tax Act, 1922 and its total income and partners' shares had already been ascertained, the Department could not, in assessing a partner, adopt a different figure for the same firm's income to enlarge that partner's liability. The court treated section 23(5) as the governing machinery for assessing the firm and its partners for the relevant year, and held that once the firm's total income was determined, that ascertainment bound the partner's assessment for the same accounting year. Partnership income outside the firm's assessed total income could not be separately brought to tax in the partner's hands. en-us Wed, 08 Oct 1952 00:00:00 +0530 Mon, 09 Dec 2019 16:42:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=284760 Where a registered firm had been assessed under section 23(5) of the Income-tax Act, 1922 and its total income and partners' shares had already been ascertained, the Department could not, in assessing a partner, adopt a different figure for the same firm's income to enlarge that partner's liability. The court treated section 23(5) as the governing machinery for assessing the firm and its partners for the relevant year, and held that once the firm's total income was determined, that ascertainment bound the partner's assessment for the same accounting year. Partnership income outside the firm's assessed total income could not be separately brought to tax in the partner's hands. Case-Laws Income Tax Wed, 08 Oct 1952 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=284760