https://www.taxtmi.com/caselaws?id=63211 The Tribunal held that after the partial partitions, the right to receive profit or suffer losses from the firm belonged to the Kartas in their individual capacities. The respondent HUFs were not liable to be assessed for any share profit from the firm, and all Revenue's appeals were dismissed, affirming the individual assessment of the Kartas' share income. en-us Mon, 24 Jul 1989 00:00:00 +0530 Fri, 28 Jan 2011 14:43:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63211 The Tribunal held that after the partial partitions, the right to receive profit or suffer losses from the firm belonged to the Kartas in their individual capacities. The respondent HUFs were not liable to be assessed for any share profit from the firm, and all Revenue's appeals were dismissed, affirming the individual assessment of the Kartas' share income. Case-Laws Income Tax Mon, 24 Jul 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63211