https://www.taxtmi.com/caselaws?id=49580 Three widows holding inherited property with equal, definite shares and receiving income separately were not an association of persons for income-tax purposes. Section 3 of the Indian Income-tax Act, 1922 requires more than joint receipt of income: there must be a common purpose or joint enterprise formed to produce income, profits or gains. On the facts, there was no such combination in respect of shares, dividends, or interest on deposits. The assessment on the footing that they constituted an association of persons was therefore invalid. en-us Thu, 14 Apr 1960 00:00:00 +0530 Tue, 29 Oct 2024 17:33:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49580 Three widows holding inherited property with equal, definite shares and receiving income separately were not an association of persons for income-tax purposes. Section 3 of the Indian Income-tax Act, 1922 requires more than joint receipt of income: there must be a common purpose or joint enterprise formed to produce income, profits or gains. On the facts, there was no such combination in respect of shares, dividends, or interest on deposits. The assessment on the footing that they constituted an association of persons was therefore invalid. Case-Laws Income Tax Thu, 14 Apr 1960 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49580