2001 (8) TMI 43

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....s it stood, during the assessment years 1982-83 to 1984-85, have been misconstrued by the Tribunal by placing reliance on the decision of the Andhra Pradesh High Court in the case of CIT v. R.Y. Singara Mudaliar [1988] 172 ITR 608, which judgment did not anywhere refer to section 3(1)(f), though the decision rendered in that case supports the view of the Tribunal. Section 3(1)(f) of the Income-ta....

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.... finalised. This sub-clause does not deal with all the income of the assessee who happens to be a partner 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 ....