https://www.taxtmi.com/caselaws?id=49234 Income-tax law treats an association of persons and its individual members as separate assessable entities, so the Revenue may proceed against either but not both for the same income. Where joint venture income had already been assessed in the hands of the individual participants, and the assessing authority had knowingly elected that course, the same income could not later be assessed again as income of an unregistered firm. The reference to provisional assessment did not assist the Revenue because the assessment was not made under the statutory provision for provisional assessment. The assessment of the unregistered firm was therefore not proper or legal. en-us Fri, 07 Jan 1966 00:00:00 +0530 Sun, 17 Aug 2014 14:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49234 Income-tax law treats an association of persons and its individual members as separate assessable entities, so the Revenue may proceed against either but not both for the same income. Where joint venture income had already been assessed in the hands of the individual participants, and the assessing authority had knowingly elected that course, the same income could not later be assessed again as income of an unregistered firm. The reference to provisional assessment did not assist the Revenue because the assessment was not made under the statutory provision for provisional assessment. The assessment of the unregistered firm was therefore not proper or legal. Case-Laws Income Tax Fri, 07 Jan 1966 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49234