https://www.taxtmi.com/caselaws?id=38779 The court held that the two individuals did not form an association of persons for tax assessment on capital gains from property sales. The court emphasized that there was no evidence of concerted action beyond ordinary property ownership activities. Additionally, under Mohammedan law, the individuals were considered co-owners, not constituting an association of persons. The court rejected the argument based on joint construction work mentioned in a sale deed, stating that mere joint activities did not establish an association of persons. The decision favored the assessee, with costs awarded to the assessee. en-us Mon, 05 Apr 1976 00:00:00 +0530 Fri, 09 Apr 2010 10:30:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38779 The court held that the two individuals did not form an association of persons for tax assessment on capital gains from property sales. The court emphasized that there was no evidence of concerted action beyond ordinary property ownership activities. Additionally, under Mohammedan law, the individuals were considered co-owners, not constituting an association of persons. The court rejected the argument based on joint construction work mentioned in a sale deed, stating that mere joint activities did not establish an association of persons. The decision favored the assessee, with costs awarded to the assessee. Case-Laws Income Tax Mon, 05 Apr 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38779