https://www.taxtmi.com/caselaws?id=783753 Whether the share of profit derived through various syndicates (AOPs) could be taxed by clubbing the AOP income with the member-assessees was the dominant issue. Applying the principle that an AOP is a distinct taxable unit under the Income-tax Act and its income cannot be assessed by clubbing it in the hands of its members in the absence of a statutory basis, the SC held that the syndicates' income could not be added to or clubbed with the assessees' income. Consequently, the challenged additions in the hands of the assessees were unsustainable and the HC's order was affirmed. en-us Fri, 19 Dec 2025 00:00:00 +0530 Mon, 22 Dec 2025 07:49:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=783753 Whether the share of profit derived through various syndicates (AOPs) could be taxed by clubbing the AOP income with the member-assessees was the dominant issue. Applying the principle that an AOP is a distinct taxable unit under the Income-tax Act and its income cannot be assessed by clubbing it in the hands of its members in the absence of a statutory basis, the SC held that the syndicates' income could not be added to or clubbed with the assessees' income. Consequently, the challenged additions in the hands of the assessees were unsustainable and the HC's order was affirmed. Case-Laws Income Tax Fri, 19 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=783753