https://www.taxtmi.com/caselaws?id=25640 The court determined that the seven flats constructed on a plot by a partnership firm were the individual properties of the partners, not the firm's. The partners' use of personal funds for construction, individual occupation, and tax payments supported this finding. As a result, the court held that the income from the property should be assessed in the hands of the individual partners, not the firm, as the flats were always intended as their individual properties. The court ruled in favor of the partners against the Revenue, emphasizing the partners' ownership and intentions from the beginning. en-us Wed, 24 Sep 1986 00:00:00 +0530 Fri, 29 Jan 2010 18:46:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25640 The court determined that the seven flats constructed on a plot by a partnership firm were the individual properties of the partners, not the firm's. The partners' use of personal funds for construction, individual occupation, and tax payments supported this finding. As a result, the court held that the income from the property should be assessed in the hands of the individual partners, not the firm, as the flats were always intended as their individual properties. The court ruled in favor of the partners against the Revenue, emphasizing the partners' ownership and intentions from the beginning. Case-Laws Income Tax Wed, 24 Sep 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25640