https://www.taxtmi.com/caselaws?id=26611 Representative assessment under section 41 of the Indian Income-tax Act, 1922 and section 161 of the Income-tax Act, 1961 is a machinery provision: the representative assessee may be assessed in that capacity, but the tax can be levied and recovered only to the same extent as it could from the persons represented. Where receivers carry on the business of a dissolved or disrupted firm on behalf of beneficial owners, the business profits may be brought to assessment in the status of an association of persons. The substantive tax burden, however, remains co-extensive with the liability of the beneficiaries or other represented persons and cannot be enlarged by the representative form of assessment. en-us Wed, 14 Aug 1985 00:00:00 +0530 Sat, 06 Feb 2010 13:08:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26611 Representative assessment under section 41 of the Indian Income-tax Act, 1922 and section 161 of the Income-tax Act, 1961 is a machinery provision: the representative assessee may be assessed in that capacity, but the tax can be levied and recovered only to the same extent as it could from the persons represented. Where receivers carry on the business of a dissolved or disrupted firm on behalf of beneficial owners, the business profits may be brought to assessment in the status of an association of persons. The substantive tax burden, however, remains co-extensive with the liability of the beneficiaries or other represented persons and cannot be enlarged by the representative form of assessment. Case-Laws Income Tax Wed, 14 Aug 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26611