https://www.taxtmi.com/caselaws?id=23845 The High Court affirmed the Tribunal's decision to assess two firms separately for income tax purposes. It emphasized the legal recognition of partnership firms as distinct taxable entities and highlighted the importance of factual considerations in determining tax treatment. The Court found no justification to treat the firms as a single entity for taxation, based on evidence and legal principles. The judgment will be referred to the Income-tax Appellate Tribunal for further proceedings. en-us Thu, 17 Aug 1989 00:00:00 +0530 Thu, 14 Jan 2010 17:02:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23845 The High Court affirmed the Tribunal's decision to assess two firms separately for income tax purposes. It emphasized the legal recognition of partnership firms as distinct taxable entities and highlighted the importance of factual considerations in determining tax treatment. The Court found no justification to treat the firms as a single entity for taxation, based on evidence and legal principles. The judgment will be referred to the Income-tax Appellate Tribunal for further proceedings. Case-Laws Income Tax Thu, 17 Aug 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23845