Higher tax rates for specified HUFs required; assessors must obtain member wealth declaration and record it. Assessing officers must apply higher tax rates correctly to specified HUFs and explicitly record in the assessment order that those higher rates were applied. Officers are required to obtain a written declaration from the assessee whether any HUF member possesses taxable wealth, and this declaration must be reflected in the assessment record to avoid calculation errors.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Higher tax rates for specified HUFs required; assessors must obtain member wealth declaration and record it.
Assessing officers must apply higher tax rates correctly to specified HUFs and explicitly record in the assessment order that those higher rates were applied. Officers are required to obtain a written declaration from the assessee whether any HUF member possesses taxable wealth, and this declaration must be reflected in the assessment record to avoid calculation errors.
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