https://www.taxtmi.com/caselaws?id=66615 The Tribunal upheld the AAC's decision that the correct status of the assessee was Hindu Undivided Family (HUF) and dismissed the revenue's appeal. It was determined that there was no "Body of Individuals" (BOI) in this case, as the business was carried on by the HUF with no common design to produce income for all members. The Tribunal agreed with the AAC that the amounts disallowed by the Income Tax Officer were admissible deductions as business expenditure, resulting in a favorable outcome for the assessee. en-us Sat, 18 Jul 1981 00:00:00 +0530 Sat, 05 Mar 2011 11:43:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66615 The Tribunal upheld the AAC's decision that the correct status of the assessee was Hindu Undivided Family (HUF) and dismissed the revenue's appeal. It was determined that there was no "Body of Individuals" (BOI) in this case, as the business was carried on by the HUF with no common design to produce income for all members. The Tribunal agreed with the AAC that the amounts disallowed by the Income Tax Officer were admissible deductions as business expenditure, resulting in a favorable outcome for the assessee. Case-Laws Income Tax Sat, 18 Jul 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66615