https://www.taxtmi.com/caselaws?id=67214 The Appellate Tribunal upheld the Income Tax Officer's decision to tax the share income from a partnership firm in the hands of the assessee, rejecting the argument that it should be taxed as Hindu Undivided Family (HUF) income. The Tribunal determined that since the minor child lacked the capacity to contract and was only admitted to the benefits of the partnership, the income was rightly assessed in the hands of the assessee, not the HUF. The Tribunal set aside the Appellate Assistant Commissioner's order and restored the Income Tax Officer's decision. en-us Thu, 04 Aug 1983 00:00:00 +0530 Wed, 09 Mar 2011 15:38:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67214 The Appellate Tribunal upheld the Income Tax Officer's decision to tax the share income from a partnership firm in the hands of the assessee, rejecting the argument that it should be taxed as Hindu Undivided Family (HUF) income. The Tribunal determined that since the minor child lacked the capacity to contract and was only admitted to the benefits of the partnership, the income was rightly assessed in the hands of the assessee, not the HUF. The Tribunal set aside the Appellate Assistant Commissioner's order and restored the Income Tax Officer's decision. Case-Laws Income Tax Thu, 04 Aug 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67214