https://www.taxtmi.com/caselaws?id=27704 A registered firm and its partners are separate assessees for income-tax purposes, so statutory relief attaches to the assessee who independently satisfies the conditions of the provision. Relief granted to partners in their individual assessments does not, by itself, bar the firm from claiming the same benefit in its own assessment. Earlier authorities under the 1922 Act and the 1961 Act supported this construction, and the Board's circular ing the earlier High Court view reinforced it. On that basis, the firm remained entitled to relief under section 84 notwithstanding the partners' separate allowances. en-us Thu, 06 Oct 1983 00:00:00 +0530 Mon, 15 Feb 2010 15:18:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27704 A registered firm and its partners are separate assessees for income-tax purposes, so statutory relief attaches to the assessee who independently satisfies the conditions of the provision. Relief granted to partners in their individual assessments does not, by itself, bar the firm from claiming the same benefit in its own assessment. Earlier authorities under the 1922 Act and the 1961 Act supported this construction, and the Board's circular ing the earlier High Court view reinforced it. On that basis, the firm remained entitled to relief under section 84 notwithstanding the partners' separate allowances. Case-Laws Income Tax Thu, 06 Oct 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27704