https://www.taxtmi.com/caselaws?id=64801 The Tribunal held that amounts received by Mrs. Sunny Uppal and Mrs. Prabha Uppal upon partition of HUF properties were not taxable as income. The Tribunal distinguished the case from CIT vs. Gangadhar Baijnath, emphasizing that the payments were part of a mutual adjustment for fair distribution of family assets during partition, not related to business income. The Tribunal upheld the CIT(A)'s decision, dismissing Revenue's appeals. en-us Mon, 09 Nov 1998 00:00:00 +0530 Wed, 09 Feb 2011 19:04:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64801 The Tribunal held that amounts received by Mrs. Sunny Uppal and Mrs. Prabha Uppal upon partition of HUF properties were not taxable as income. The Tribunal distinguished the case from CIT vs. Gangadhar Baijnath, emphasizing that the payments were part of a mutual adjustment for fair distribution of family assets during partition, not related to business income. The Tribunal upheld the CIT(A)'s decision, dismissing Revenue's appeals. Case-Laws Income Tax Mon, 09 Nov 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64801