2001 (8) TMI 46

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..... circumstances of the case, the Appellate Tribunal was right in holding that the assessment made on the receiver in the status of 'association of persons' could not be sustained? 2. Whether, on the facts and in the circumstances of the case, the finding of the Appellate Tribunal that the letting out on hire Padmanabha Theatre for screening cinematograph films does not amount to carrying on of a .....

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..... this court has answered the reference against the Revenue. That decision is reported in [1987] 168 ITR 125. The relevant portion in the headnote of that decision is extracted below: "The court had appointed a receiver to realise the income from the theatre which was one of the assets of the partnership and to divide the same equally among the quondam partners. The order of the court appointing t .....

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