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SC Upholds Bar on Clubbing Syndicate Income With Individual Assessee
Case Law Details
- Case Name
- PCIT Vs Ramswaroop Shivhare (Supreme Court of India)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- Supreme Court of India
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PCIT Vs Ramswaroop Shivhare (Supreme Court of India)
The Supreme Court of India, affirming the judgment of the Madhya Pradesh High Court, held that the income of an Association of Persons (AOP), described in the case as syndicates, cannot be clubbed with the income of individual assessees who are members of such syndicates. The Supreme Court dismissed the Revenue’s petitions, observing that the High Court had committed no error in upholding the orders of the appellate authorities.
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