https://www.taxtmi.com/caselaws?id=36553 The High Court ruled in favor of the assessee, determining that the commission income of Rs. 40,000 should be assessed in the hands of the partnership firm, not the individual assessee. The court found that the income did not accrue to the assessee during the assessment year under consideration, as the right to commission only arose after the partnership was formed. The Tribunal's reversal of the finding was deemed unjustified, and the court awarded costs of the reference to the assessee. en-us Wed, 23 Apr 1980 00:00:00 +0530 Tue, 23 Mar 2010 11:30:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36553 The High Court ruled in favor of the assessee, determining that the commission income of Rs. 40,000 should be assessed in the hands of the partnership firm, not the individual assessee. The court found that the income did not accrue to the assessee during the assessment year under consideration, as the right to commission only arose after the partnership was formed. The Tribunal's reversal of the finding was deemed unjustified, and the court awarded costs of the reference to the assessee. Case-Laws Income Tax Wed, 23 Apr 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36553