https://www.taxtmi.com/caselaws?id=36959 An assessment of an association of persons treated as an unregistered firm was invalid where the same partnership income had already been assessed in the hands of the individual partners. The court held that a firm and its partners are distinct assessable entities, but the revenue cannot tax the same income twice. Because the assessing officer had consciously exercised the option to assess the partners individually on the firm's income, and those assessments were final rather than provisional, it was not open to reassess that income in the hands of the unregistered firm. The assessment of the firm was therefore illegal and the issue was decided in favour of the assessee. en-us Fri, 28 Sep 1979 00:00:00 +0530 Thu, 25 Mar 2010 16:05:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36959 An assessment of an association of persons treated as an unregistered firm was invalid where the same partnership income had already been assessed in the hands of the individual partners. The court held that a firm and its partners are distinct assessable entities, but the revenue cannot tax the same income twice. Because the assessing officer had consciously exercised the option to assess the partners individually on the firm's income, and those assessments were final rather than provisional, it was not open to reassess that income in the hands of the unregistered firm. The assessment of the firm was therefore illegal and the issue was decided in favour of the assessee. Case-Laws Income Tax Fri, 28 Sep 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36959