https://www.taxtmi.com/caselaws?id=287098 Where a registered firm's total income has already been assessed and apportioned under section 23(5)(a), the tax authorities cannot add a further amount to one partner's share on the basis of the firm's Pakistan loss so as to make the partner's assessable income exceed the firm's own total assessed income. The Indo-Pakistan Agreement, issued to avoid double taxation, did not alter the taxation law and could not override the statutory allocation scheme or enlarge the partner's tax burden. The partner's assessable share was therefore confined to the amount allocated from the firm's assessed income. en-us Tue, 28 Sep 1954 00:00:00 +0530 Sat, 28 Mar 2020 11:56:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=287098 Where a registered firm's total income has already been assessed and apportioned under section 23(5)(a), the tax authorities cannot add a further amount to one partner's share on the basis of the firm's Pakistan loss so as to make the partner's assessable income exceed the firm's own total assessed income. The Indo-Pakistan Agreement, issued to avoid double taxation, did not alter the taxation law and could not override the statutory allocation scheme or enlarge the partner's tax burden. The partner's assessable share was therefore confined to the amount allocated from the firm's assessed income. Case-Laws Income Tax Tue, 28 Sep 1954 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=287098