https://www.taxtmi.com/caselaws?id=21159 The High Court of Orissa upheld the Income-tax Appellate Tribunal's decision in applying section 3(1)(f) of the Income-tax Act, 1961 to determine the previous year for an assessee who is a partner in a firm. The Court ruled in favor of the Revenue, holding that the firm's assessment period should prevail for the partner's income determination, despite the assessee's argument for the application of section 3(1)(b). The judgment aligned with precedents from other High Courts, emphasizing the statutory preference for the firm's assessment period under section 3(1)(f). en-us Mon, 06 Jul 1992 00:00:00 +0530 Fri, 20 Nov 2009 14:58:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21159 The High Court of Orissa upheld the Income-tax Appellate Tribunal's decision in applying section 3(1)(f) of the Income-tax Act, 1961 to determine the previous year for an assessee who is a partner in a firm. The Court ruled in favor of the Revenue, holding that the firm's assessment period should prevail for the partner's income determination, despite the assessee's argument for the application of section 3(1)(b). The judgment aligned with precedents from other High Courts, emphasizing the statutory preference for the firm's assessment period under section 3(1)(f). Case-Laws Income Tax Mon, 06 Jul 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21159