https://www.taxtmi.com/caselaws?id=37162 The court determined that the share income of the assessee from a partnership firm should be assessed in the current assessment year, contrary to the decision of the Appellate Authority Commissioner and the Income-tax Appellate Tribunal. The judgment clarified that the assessment year for a partner's share income in a firm aligns with the firm's assessment year. It distinguished a previous case where assessment years differed due to previous year ending dates, stating it was not applicable here as both previous years fell within the same financial year. The assessee was directed to pay the costs of the reference. en-us Wed, 28 Feb 1979 00:00:00 +0530 Sat, 27 Mar 2010 10:46:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37162 The court determined that the share income of the assessee from a partnership firm should be assessed in the current assessment year, contrary to the decision of the Appellate Authority Commissioner and the Income-tax Appellate Tribunal. The judgment clarified that the assessment year for a partner's share income in a firm aligns with the firm's assessment year. It distinguished a previous case where assessment years differed due to previous year ending dates, stating it was not applicable here as both previous years fell within the same financial year. The assessee was directed to pay the costs of the reference. Case-Laws Income Tax Wed, 28 Feb 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37162