https://www.taxtmi.com/caselaws?id=62676 The appeal was partly allowed, with the Tribunal directing the ITO to include only 1/3rd share of profits in the assessee's total income and providing relief on the interest levied under sections 139 and 217(1)(a). The CIT (A) was found to have erred in setting aside the assessment order, as precedent dictated that only a portion of the income should be assessed in the individual's hands, with the remainder allocated to the wife and minor son. en-us Thu, 26 Jun 1980 00:00:00 +0530 Fri, 21 Jan 2011 10:56:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62676 The appeal was partly allowed, with the Tribunal directing the ITO to include only 1/3rd share of profits in the assessee's total income and providing relief on the interest levied under sections 139 and 217(1)(a). The CIT (A) was found to have erred in setting aside the assessment order, as precedent dictated that only a portion of the income should be assessed in the individual's hands, with the remainder allocated to the wife and minor son. Case-Laws Income Tax Thu, 26 Jun 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62676