https://www.taxtmi.com/caselaws?id=66607 The share income from Segu Venkata Narayana Setty & Co. for the assessment years in question was held to be included in the hands of Shri S.V. Anandmohan individually, not in the hands of the assessee-HUF. The Tribunal found that the funds of the HUF were advances, not capital contributions, and that Shri S.V. Anandmohan became a partner in his individual capacity. The appeals of the revenue were dismissed, and the AAC's decision was upheld. en-us Tue, 22 Jul 1986 00:00:00 +0530 Sat, 05 Mar 2011 11:03:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66607 The share income from Segu Venkata Narayana Setty & Co. for the assessment years in question was held to be included in the hands of Shri S.V. Anandmohan individually, not in the hands of the assessee-HUF. The Tribunal found that the funds of the HUF were advances, not capital contributions, and that Shri S.V. Anandmohan became a partner in his individual capacity. The appeals of the revenue were dismissed, and the AAC's decision was upheld. Case-Laws Income Tax Tue, 22 Jul 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66607