https://www.taxtmi.com/caselaws?id=36383 Income already assessed in the hands of a partner cannot again be taxed in the hands of the same persons as an unregistered firm unless a statute clearly permits such double taxation; the stated principle is that the same share income should not be subjected to repeated assessment. The CBDT circular dated 24 August 1966 is described as binding on income-tax authorities under section 119(1) of the Income-tax Act, 1961, and must be followed even if it is beneficial to the assessee or expressed more broadly than the strict legal position. The noted effect is to prevent inconsistent assessment and support the assessee's benefit under the circular. en-us Mon, 13 Oct 1980 00:00:00 +0530 Mon, 22 Mar 2010 10:48:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36383 Income already assessed in the hands of a partner cannot again be taxed in the hands of the same persons as an unregistered firm unless a statute clearly permits such double taxation; the stated principle is that the same share income should not be subjected to repeated assessment. The CBDT circular dated 24 August 1966 is described as binding on income-tax authorities under section 119(1) of the Income-tax Act, 1961, and must be followed even if it is beneficial to the assessee or expressed more broadly than the strict legal position. The noted effect is to prevent inconsistent assessment and support the assessee's benefit under the circular. Case-Laws Income Tax Mon, 13 Oct 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36383