https://www.taxtmi.com/caselaws?id=27870 A business may be assessed as an association of persons where the evidence shows a common venture, unitary control and a profit-making purpose; on that material, a finding that no valid partnership existed was not perverse because it was supported by record evidence and a different view was possible but not ative. A challenge to reassessment under section 147 could not be entertained at the reference stage when the specific objection had not been permitted below and an earlier writ proceeding had already rejected the initial jurisdictional challenge. The assessment was thus upheld on both the character of the business and the validity of the reassessment initiation. en-us Fri, 10 Feb 1984 00:00:00 +0530 Tue, 16 Feb 2010 15:24:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27870 A business may be assessed as an association of persons where the evidence shows a common venture, unitary control and a profit-making purpose; on that material, a finding that no valid partnership existed was not perverse because it was supported by record evidence and a different view was possible but not ative. A challenge to reassessment under section 147 could not be entertained at the reference stage when the specific objection had not been permitted below and an earlier writ proceeding had already rejected the initial jurisdictional challenge. The assessment was thus upheld on both the character of the business and the validity of the reassessment initiation. Case-Laws Income Tax Fri, 10 Feb 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27870