https://www.taxtmi.com/caselaws?id=23956 Income from immovable property was treated as continuing to belong to the firm where the alleged transfer to partners was supported only by book entries and not by a registered deed. On that basis, the property was not regarded as validly transferred for tax purposes, so the rental or other income remained assessable in the hands of the firm rather than the individual partners. The deletion of the addition in the partners' assessments was therefore not sustained, and the issue was decided in favour of the assessee against the Revenue. en-us Thu, 27 Apr 1989 00:00:00 +0530 Fri, 15 Jan 2010 14:20:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23956 Income from immovable property was treated as continuing to belong to the firm where the alleged transfer to partners was supported only by book entries and not by a registered deed. On that basis, the property was not regarded as validly transferred for tax purposes, so the rental or other income remained assessable in the hands of the firm rather than the individual partners. The deletion of the addition in the partners' assessments was therefore not sustained, and the issue was decided in favour of the assessee against the Revenue. Case-Laws Income Tax Thu, 27 Apr 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23956