https://www.taxtmi.com/caselaws?id=28041 The court, presided over by KANIA J., ruled on an application under s. 256(2) of the I.T. Act, 1961, regarding the taxation of the respondent-assessee as an association of persons for the assessment year 1976-77. The judgment emphasized that once individual assessments of association members are completed, the ITO cannot tax the same income in the hands of the association. Citing relevant Circulars and Supreme Court decisions, the court held that the ITO lacked authority to tax the assessee as an association of persons. Consequently, the rule was discharged with costs. en-us Mon, 06 Feb 1984 00:00:00 +0530 Wed, 17 Feb 2010 15:46:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28041 The court, presided over by KANIA J., ruled on an application under s. 256(2) of the I.T. Act, 1961, regarding the taxation of the respondent-assessee as an association of persons for the assessment year 1976-77. The judgment emphasized that once individual assessments of association members are completed, the ITO cannot tax the same income in the hands of the association. Citing relevant Circulars and Supreme Court decisions, the court held that the ITO lacked authority to tax the assessee as an association of persons. Consequently, the rule was discharged with costs. Case-Laws Income Tax Mon, 06 Feb 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28041