https://www.taxtmi.com/caselaws?id=35066 The High Court analyzed a will to determine if an association of persons was created. It was found that the individuals inheriting jointly did not form an association of persons as per the terms of the will. Consequently, the assets discovered during a search were not deemed to belong to the alleged association of persons. As no association of persons was established, the court did not delve further into the legal criteria for constituting such an association under the Income Tax Act, 1961. The reference was disposed of accordingly. en-us Mon, 25 Feb 2008 00:00:00 +0530 Tue, 15 Dec 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=35066 The High Court analyzed a will to determine if an association of persons was created. It was found that the individuals inheriting jointly did not form an association of persons as per the terms of the will. Consequently, the assets discovered during a search were not deemed to belong to the alleged association of persons. As no association of persons was established, the court did not delve further into the legal criteria for constituting such an association under the Income Tax Act, 1961. The reference was disposed of accordingly. Case-Laws Income Tax Mon, 25 Feb 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=35066