Partition deed diverts share income to family members, High Court rules

The High Court of Punjab and Haryana ruled in favor of the assessee, holding that the declaration and partition deed led to the diversion of share income to individual family members. This decision aligns with a previous ruling in Income-tax Reference No. 159 of 1980.

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The High Court of Punjab and Haryana ruled in favor of the assessee, stating that the declaration and partition deed resulted in diversion of share income to individual family members. The judgment is based on a previous decision in Income-tax Reference No. 159 of 1980.

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