1958 (4) TMI 114 - HC - Income Tax

Summary

The High Court of Bombay found that the notice issued by the Taxing Department under section 34 for the assessment year 1948-49 was invalid. The Department's argument to assess the partners as an association of persons due to an alleged illegal partnership was deemed unjustified. The court allowed the petition and ordered the respondent to pay the costs. (Case citation: 1958 (4) TMI 114 - BOMBAY HIGH COURT)