https://www.taxtmi.com/caselaws?id=49495 Co-heirs who, by mutual consent, continued an inherited beedi business as one integrated undertaking with unity of control were treated as carrying on a joint venture. The business was not capable of division, and its continuation through receivers did not break continuity or alter the character of the income. The pendency of partition or administration proceedings was irrelevant because the enterprise remained a single commercial concern managed for a common purpose of earning income. On that footing, the income was assessable in the hands of an association of persons, and separate taxation of the co-heirs was rejected. en-us Wed, 18 Jan 1961 00:00:00 +0530 Sat, 31 Dec 2016 12:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49495 Co-heirs who, by mutual consent, continued an inherited beedi business as one integrated undertaking with unity of control were treated as carrying on a joint venture. The business was not capable of division, and its continuation through receivers did not break continuity or alter the character of the income. The pendency of partition or administration proceedings was irrelevant because the enterprise remained a single commercial concern managed for a common purpose of earning income. On that footing, the income was assessable in the hands of an association of persons, and separate taxation of the co-heirs was rejected. Case-Laws Income Tax Wed, 18 Jan 1961 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49495