https://www.taxtmi.com/caselaws?id=37903 An unregistered firm could not be assessed again on income that had already been assessed in the hands of its partners. Although the firm and the partners are distinct assessable units, the income-tax statutes do not permit the same income to be taxed twice. Once the revenue had, with knowledge of the relevant position, assessed the partners on their share income, a further assessment on the firm was barred. The Calcutta HC also held that the rectification provision did not authorise reassessment of the firm in these circumstances. The assessments on the firm were therefore unsustainable. en-us Thu, 10 Oct 1974 00:00:00 +0530 Thu, 01 Apr 2010 16:44:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37903 An unregistered firm could not be assessed again on income that had already been assessed in the hands of its partners. Although the firm and the partners are distinct assessable units, the income-tax statutes do not permit the same income to be taxed twice. Once the revenue had, with knowledge of the relevant position, assessed the partners on their share income, a further assessment on the firm was barred. The Calcutta HC also held that the rectification provision did not authorise reassessment of the firm in these circumstances. The assessments on the firm were therefore unsustainable. Case-Laws Income Tax Thu, 10 Oct 1974 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37903