Once Income From AOP/BOI Is Included In Assessee's Taxable Income, Any Post-Tax Share Received Cannot Be Taxed Again: Madhya Pradesh High Court

The Madhya Pradesh High Court has ruled that income from an Association of Persons (AOP) or Body of Individuals (BOI) should be included in the assessee’s taxable income, and the post-tax share received cannot be taxed again. The case involved an assessee who received income from an AOP/BOI and was subjected to double taxation. The court found that the income should be taxed at the AOP/BOI level and included in the assessee’s total income, but the post-tax share received by the assessee should not be taxed again. This decision provides clarity on the treatment of income from AOPs/BOIs and ensures that taxpayers are not subjected to double taxation.