1998 (11) TMI 14 - HC - Income Tax

Summary

The High Court of Madras ruled in a case related to the assessment year 1963-64, where the Tribunal set aside orders to assess an association of persons for income derived from a business. The assessment made on one individual was deemed final, and the Tribunal's decision was justified. Despite the Revenue's right to tax the correct person, due to the passage of time and the Revenue's actions, the court ruled in favor of the assessee.