https://www.taxtmi.com/caselaws?id=293139 Mere co-ownership of inherited property under Mohammadan law, without partition, did not by itself create an association of individuals for income-tax purposes under the Income-tax Act, 1922. The Court held that a common purpose or joint enterprise for mutual profit was necessary; here, rents were collected through a manager and the net income was divided according to each heir's share. As there was no business concern or other combined venture, the assessees were not assessable as a single unit and had to be assessed separately on their individual shares. en-us Mon, 31 May 1943 00:00:00 +0630 Mon, 19 Jul 2021 14:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=293139 Mere co-ownership of inherited property under Mohammadan law, without partition, did not by itself create an association of individuals for income-tax purposes under the Income-tax Act, 1922. The Court held that a common purpose or joint enterprise for mutual profit was necessary; here, rents were collected through a manager and the net income was divided according to each heir's share. As there was no business concern or other combined venture, the assessees were not assessable as a single unit and had to be assessed separately on their individual shares. Case-Laws Income Tax Mon, 31 May 1943 00:00:00 +0630 https://www.taxtmi.com/caselaws?id=293139