https://www.taxtmi.com/caselaws?id=69238 The Tribunal ruled in favor of the appellants, determining that the share income from the partnership firm should be assessed in the status of Hindu Undivided Family (HUF). The dispute centered on the interpretation of a declaration made by the father regarding joint family properties and their division between his sons. The Tribunal found that the joint family funds were indeed invested in the partnership firm by the appellants, representing their respective HUFs. The decision emphasized the genuineness of the declaration and partnership deed, rejecting the departmental representative's arguments and allowing the appeals in favor of the appellants. en-us Wed, 27 Dec 1978 00:00:00 +0530 Tue, 05 Apr 2011 18:48:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69238 The Tribunal ruled in favor of the appellants, determining that the share income from the partnership firm should be assessed in the status of Hindu Undivided Family (HUF). The dispute centered on the interpretation of a declaration made by the father regarding joint family properties and their division between his sons. The Tribunal found that the joint family funds were indeed invested in the partnership firm by the appellants, representing their respective HUFs. The decision emphasized the genuineness of the declaration and partnership deed, rejecting the departmental representative's arguments and allowing the appeals in favor of the appellants. Case-Laws Income Tax Wed, 27 Dec 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69238