https://www.taxtmi.com/caselaws?id=38735 A firm and its partners are distinct taxable entities under the Income-tax Act, 1961, because section 4 read with section 2(31) treats the firm as a separate person. The earlier option under the old Act to proceed either against the firm or the partners individually is not carried forward, so the assessing authority is not barred from separately assessing an unregistered firm merely because two partners have already been assessed on their share income. The machinery provisions must operate within the scope of the charging provision, and the omission of the former election reflects a deliberate legislative change. en-us Wed, 03 Nov 1976 00:00:00 +0530 Thu, 08 Apr 2010 16:47:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38735 A firm and its partners are distinct taxable entities under the Income-tax Act, 1961, because section 4 read with section 2(31) treats the firm as a separate person. The earlier option under the old Act to proceed either against the firm or the partners individually is not carried forward, so the assessing authority is not barred from separately assessing an unregistered firm merely because two partners have already been assessed on their share income. The machinery provisions must operate within the scope of the charging provision, and the omission of the former election reflects a deliberate legislative change. Case-Laws Income Tax Wed, 03 Nov 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38735