1984 (1) TMI 59 - HC - Income Tax

Summary

The High Court of Madhya Pradesh ruled in favor of the assessee in a tax case involving income from her late husband's estate. The Tribunal was correct in deleting the income as it had already been taxed in the hands of the AOP. The court cited the principle that income should only be taxed once in the hands of the same person or entity. The reference was answered in the affirmative against the Revenue, and each party will bear their own costs.