https://www.taxtmi.com/caselaws?id=35974 The court ruled against the firm, stating that partners' occupation of a property cannot be treated as the firm's occupation for its own residence under section 23(2) of the Income-tax Act, 1961. The court emphasized that a firm, as a separate assessable entity, cannot physically reside and thus cannot claim the deduction. The decision was in favor of the revenue, denying the firm the benefit of the deduction under section 23(2) due to the distinct entities of the firm and its partners for tax purposes. en-us Fri, 15 May 1981 00:00:00 +0530 Thu, 18 Mar 2010 12:22:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=35974 The court ruled against the firm, stating that partners' occupation of a property cannot be treated as the firm's occupation for its own residence under section 23(2) of the Income-tax Act, 1961. The court emphasized that a firm, as a separate assessable entity, cannot physically reside and thus cannot claim the deduction. The decision was in favor of the revenue, denying the firm the benefit of the deduction under section 23(2) due to the distinct entities of the firm and its partners for tax purposes. Case-Laws Income Tax Fri, 15 May 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=35974