https://www.taxtmi.com/caselaws?id=782962 SC upheld the HC's decision that income earned by various syndicates, constituted as Associations of Persons (AOPs), is taxable in the hands of the AOPs and not in the hands of the individual assessee-members. The Court held that the assessee's share of profit from the syndicates could not be directly assessed in their individual assessments by clubbing such income with their personal income. Finding no error in the HC's reasoning or conclusion, the SC dismissed the revenue's petitions. en-us Thu, 04 Dec 2025 00:00:00 +0530 Sat, 06 Dec 2025 08:46:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=782962 SC upheld the HC's decision that income earned by various syndicates, constituted as Associations of Persons (AOPs), is taxable in the hands of the AOPs and not in the hands of the individual assessee-members. The Court held that the assessee's share of profit from the syndicates could not be directly assessed in their individual assessments by clubbing such income with their personal income. Finding no error in the HC's reasoning or conclusion, the SC dismissed the revenue's petitions. Case-Laws Income Tax Thu, 04 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=782962