https://www.taxtmi.com/caselaws?id=779871 Income arising from an assessee's share of profits in syndicates or associations of persons is not to be clubbed with the assessee where such receipts fall within the proviso to the relevant tax provision; therefore additions made by the assessing officer for the assessee's share of syndicate profits and inadmissible syndicate expenses were held improper, and the High Court's order deleting the additions was upheld. The Supreme Court dismissed the petition, confirming that syndicate income retains distinct tax treatment and cannot be attributed to individual members for assessment. en-us Fri, 10 Oct 2025 00:00:00 +0530 Tue, 10 Feb 2026 11:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=779871 Income arising from an assessee's share of profits in syndicates or associations of persons is not to be clubbed with the assessee where such receipts fall within the proviso to the relevant tax provision; therefore additions made by the assessing officer for the assessee's share of syndicate profits and inadmissible syndicate expenses were held improper, and the High Court's order deleting the additions was upheld. The Supreme Court dismissed the petition, confirming that syndicate income retains distinct tax treatment and cannot be attributed to individual members for assessment. Case-Laws Income Tax Fri, 10 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=779871