https://www.taxtmi.com/caselaws?id=26810 The High Court upheld the Tribunal's decision, ruling that the reassessment proceedings were illegal and lacked jurisdiction. The Court held that the Income-tax Act does not permit splitting income for assessment among different individuals. It found that the reassessment did not meet the requirements of section 147(a) as the assessee did not default in filing a return. Additionally, there was no prior assessment of the assessee to support reassessment under section 147(b). The Court answered in favor of the assessee, with no costs awarded. en-us Tue, 18 Feb 1986 00:00:00 +0530 Mon, 08 Feb 2010 16:22:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26810 The High Court upheld the Tribunal's decision, ruling that the reassessment proceedings were illegal and lacked jurisdiction. The Court held that the Income-tax Act does not permit splitting income for assessment among different individuals. It found that the reassessment did not meet the requirements of section 147(a) as the assessee did not default in filing a return. Additionally, there was no prior assessment of the assessee to support reassessment under section 147(b). The Court answered in favor of the assessee, with no costs awarded. Case-Laws Income Tax Tue, 18 Feb 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26810