https://www.taxtmi.com/caselaws?id=58108 Where the same income had already been assessed in the hands of the individual members, a later assessment on the collective entity for that income was invalid because the statute did not clearly authorise double taxation. The Tribunal treated the earlier individual assessments as showing that the revenue had already proceeded on the footing that the income belonged to the members, so the subsequent entity-level assessments could not stand. On the characterisation of receipts from godowns and oil storage tanks, rental income from owned property generally falls under income from property, but the matter was not finally determined on the facts. Once the assessments were cancelled, the interest question also fell away. en-us Tue, 24 Apr 1979 00:00:00 +0530 Fri, 17 Dec 2010 13:39:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58108 Where the same income had already been assessed in the hands of the individual members, a later assessment on the collective entity for that income was invalid because the statute did not clearly authorise double taxation. The Tribunal treated the earlier individual assessments as showing that the revenue had already proceeded on the footing that the income belonged to the members, so the subsequent entity-level assessments could not stand. On the characterisation of receipts from godowns and oil storage tanks, rental income from owned property generally falls under income from property, but the matter was not finally determined on the facts. Once the assessments were cancelled, the interest question also fell away. Case-Laws Income Tax Tue, 24 Apr 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58108