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Income Tax - Highlights / Catch Notes

Home Highlights February 2013 Year 2013 This

Status of assessee – Merely accruing of income jointly to more ...


Joint Income Doesn't Equal Association for Tax: Requires Joint Actions or Operations by Individuals.

February 16, 2013

Case Laws     Income Tax     HC

Status of assessee – Merely accruing of income jointly to more persons than one would not constitute thereon an association of persons. Unless the associates have done some acts or performed some operations together - HC

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