It was held that AO is not precluded from taxing the right person merely on the ground that a wrong person is taxable 1) C.H. Acthaiya 218 ITR 239 (SC) 2) Murugesa Naicker Mansion 244 ITR 461 (SC) ................................................................................................................................. Even if contract is awarded to the Joint Venture, the income is assessable only in the hands of the person which has executed the work CIT vs. M/s SMSL-UANRCL (JV) (Bombay High Court) The High Court had to consider whether the entire income earned by the joint venture company is liable to be taxed in the hand of one of the members of the assessee company without appreciating the fact that the contract was awarded to the assessee company and not to the individual member of the assessee company. It also had to consider the impact of C.H. Acthaiya 218 ITR 239 (SC) and Murugesa Naicker Mansion 244 ITR 461 (SC) wherein it was held that AO is not preclude...