1937 (9) TMI 12 - HC - Income Tax

Summary

The High Court Bombay High Court held that in a case where a Hindu family separates and forms a firm with the same members, the assessment must be made under Section 25A(2) instead of Section 26(2). The decision followed a similar case in the Madras High Court. The assessees were ordered to pay the costs of the Commissioner. Blackwell, J. concurred with the judgment.