https://www.taxtmi.com/manuals?id=5691 Body of individuals in the Income tax context denotes a conglomeration of persons who collectively carry on an activity with the object of earning income; the term must be read in the statutory context of "person" and alongside the concept of an association of persons, thereby limiting the phrase to groups organised or functioning to generate income for tax purposes. en-us Mon, 28 Oct 2024 17:31:00 +0530 Thu, 12 Jun 2025 17:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=5691 Body of individuals in the Income tax context denotes a conglomeration of persons who collectively carry on an activity with the object of earning income; the term must be read in the statutory context of "person" and alongside the concept of an association of persons, thereby limiting the phrase to groups organised or functioning to generate income for tax purposes. Manuals Income Tax Mon, 28 Oct 2024 17:31:00 +0530 https://www.taxtmi.com/manuals?id=5691