1976 (12) TMI 40 - HC - Income Tax

Summary

The High Court of Calcutta ruled that a registered firm cannot claim rebate under section 88 of the Income-tax Act, 1961 for its partners. The court held that the rebate allowed to the firm cannot be granted to the partners as well, as it would amount to double relief. The court also stated that while a firm can appeal under section 246 of the Act, the question of apportionment between partners cannot be raised in that appeal according to section 247. The court answered both questions in the negative and in favor of the revenue.