https://www.taxtmi.com/caselaws?id=26322 Share income earned by a partner acting in a representative capacity for an assessee-firm was assessable in the hands of the firm because the partner was not receiving it in his individual capacity and the firm was the real beneficiary. Under the Income-tax Act, the firm's total income is assessed first and then apportioned among partners. Taxing the same share income in the assessee-firm's hands did not constitute double taxation merely because the income had also suffered tax in the other firm, since double taxation requires assessment of the same income twice in the hands of the same assessee. The reference was answered against the assessee and in favour of the Revenue. en-us Tue, 27 Nov 1984 00:00:00 +0530 Thu, 04 Feb 2010 12:19:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26322 Share income earned by a partner acting in a representative capacity for an assessee-firm was assessable in the hands of the firm because the partner was not receiving it in his individual capacity and the firm was the real beneficiary. Under the Income-tax Act, the firm's total income is assessed first and then apportioned among partners. Taxing the same share income in the assessee-firm's hands did not constitute double taxation merely because the income had also suffered tax in the other firm, since double taxation requires assessment of the same income twice in the hands of the same assessee. The reference was answered against the assessee and in favour of the Revenue. Case-Laws Income Tax Tue, 27 Nov 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26322