https://www.taxtmi.com/caselaws?id=29307 Reassessment of the same income in the correct status of an unregistered firm was held permissible where earlier assessments on the basis of a trust and beneficiaries were unsustainable. The court applied the principle that the bar against double taxation does not arise unless two valid assessments simultaneously survive; once the earlier assessment is found to have proceeded on a wrong or ineffective basis, fresh assessment in the proper hands is not prevented. Reopening under section 147(b) of the Income-tax Act, 1961 was therefore valid because the firm had not been taxed in its correct capacity and the prior assessment had ceased to have operative effect. en-us Wed, 13 May 1981 00:00:00 +0530 Fri, 12 Mar 2010 11:05:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=29307 Reassessment of the same income in the correct status of an unregistered firm was held permissible where earlier assessments on the basis of a trust and beneficiaries were unsustainable. The court applied the principle that the bar against double taxation does not arise unless two valid assessments simultaneously survive; once the earlier assessment is found to have proceeded on a wrong or ineffective basis, fresh assessment in the proper hands is not prevented. Reopening under section 147(b) of the Income-tax Act, 1961 was therefore valid because the firm had not been taxed in its correct capacity and the prior assessment had ceased to have operative effect. Case-Laws Income Tax Wed, 13 May 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=29307