https://www.taxtmi.com/caselaws?id=69677 The consolidated judgment involved three appeals concerning assessments for the years 1971-72, 1972-73, and 1973-74. The court upheld the validity of assessments made under section 147, emphasizing the importance of full disclosure to prevent income escaping assessment. It determined that properties obtained under a will were individual assets based on specific language indicating absolute ownership, while properties shared with the father were considered joint family assets. The court also ruled against the clubbing of income from the Hindu undivided family in individual assessments, highlighting the distinct tax treatment of individual and joint family incomes. en-us Tue, 31 Aug 1976 00:00:00 +0530 Mon, 11 Apr 2011 14:05:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69677 The consolidated judgment involved three appeals concerning assessments for the years 1971-72, 1972-73, and 1973-74. The court upheld the validity of assessments made under section 147, emphasizing the importance of full disclosure to prevent income escaping assessment. It determined that properties obtained under a will were individual assets based on specific language indicating absolute ownership, while properties shared with the father were considered joint family assets. The court also ruled against the clubbing of income from the Hindu undivided family in individual assessments, highlighting the distinct tax treatment of individual and joint family incomes. Case-Laws Income Tax Tue, 31 Aug 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69677