https://www.taxtmi.com/caselaws?id=26631 The High Court ruled in favor of the assessee in a tax assessment case involving the share income from non-exporting and export firms. The court held that post-partition, the assessee and his son held investments in the firms as tenants-in-common, resulting in only 50% of the share income being taxable to the assessee. The court also determined that only 50% of specific amounts from the income of export firms should be assessed in the assessee's hands. The Revenue's arguments were dismissed, and the court upheld the Tribunal's findings in favor of the assessee. en-us Thu, 25 Apr 1985 00:00:00 +0530 Sat, 06 Feb 2010 14:14:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26631 The High Court ruled in favor of the assessee in a tax assessment case involving the share income from non-exporting and export firms. The court held that post-partition, the assessee and his son held investments in the firms as tenants-in-common, resulting in only 50% of the share income being taxable to the assessee. The court also determined that only 50% of specific amounts from the income of export firms should be assessed in the assessee's hands. The Revenue's arguments were dismissed, and the court upheld the Tribunal's findings in favor of the assessee. Case-Laws Income Tax Thu, 25 Apr 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26631