1981 (9) TMI 45

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..... rs 1967-68 and 1968-69 at the instance of the assessee, M/s. Sudsons Construction Co. The assessee was a firm which was assessed as a registered firm for the assessment year 1966-67. But for the two subsequent years with which we are concerned the firm did not seek any registration or the benefit of continuance of registration but instead filed returns in the status of unregistered firms. Basing h .....

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..... ng terms: " Whether, on the facts and in the circumstances of this case, the Tribunal was right in holding that the assessment on the unregistered firm could be validly made ? " It is not necessary for us to discuss the matter at length because Shri S. B. Gupta, learned counsel for the assessee, was fair enough to bring to our notice that the issue has already been decided by this court in Pun .....

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..... s, therefore, no bar under the 1961 Act against assessing an association of persons even though its members have already been assessed separately in respect of their respective shares of the income of the association for the same assessment year. On completion of the assessment of the income in the hands of the association, the earlier assessment of its members can be rectified under s. 155." In .....

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