2005 (1) TMI 14 - SUPREME COURT

Assessing Officer was of the view that the share of income from the association of persons was to be included, along with share of income from capital gains - whether the amount received had an element of capital gain - matter is remitted to the High Court which shall deal with the matter afresh keeping in view the prescriptions of section 260A of the Act. We make it clear that we have not expressed any opinion on the merits of the case.