1997 (8) TMI 15 - HC - Income Tax

Summary

The High Court of Madras held that the assessee should be assessed as an association of persons and not as tenants-in-common. The Tribunal's decision was reversed, and the assessment should have been made in accordance with section 3(3) of the Act. (Case citation: 1997 (8) TMI 15 - MADRAS High Court)