2006 (2) TMI 599

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....the Respondent : Mr. Philip George JUDGMENT (Delivered by P. D. Dinakaran,J.) Pursuant to the directions of this court dated 28.7.1997 in T.C.P. Nos.601 to 618 of 1996, the Appellate Tribunal has stated the case and referred to us the following questions of law: (i) Whether on the facts and in the circumstances of the case, the Appellate Tribunal is right in law in holding that the sha....

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....facture of tea and coffee. The assessee's accounting year is the calendar year whereas the said partnership firm's accounting year is the financial year. While computing total income for the assessment years under reference, the assessee had taken its share income obtained from the said partnership firm for the relevant calendar years. However, the Income Tax Officer included the share income prov....

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....e questions of law raised in favour of the Revenue. 4. This Court in Commissioner of Income-tax Vs. Greenham Estates Pvt. Ltd., [2002] 254 ITR 402, after taking note of the plain words used in Section 3(1)(f) of the Income Tax Act, as it stood, during the assessment years 1982-83 to 1984-85, viz., 3. Previous year defined. (1) For the purposes of this Act, previous year , means . . . (f) ....

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....rtner in a firm. It is only concerned with the assessee s share income in his capacity as a partner. In cases where the previous year" followed by an assessee is different from the previous year" followed by the firm in respect of the share in the income of the firm, the previous year" followed by the firm is necessarily to be regarded as the previous year" for the assessment of the share incom....