https://www.taxtmi.com/caselaws?id=70510 The Tribunal allowed both appeals, ruling in favor of the assessee. It held that the investment in M/s Meenakshi Finance Corporation was made in the individual capacity of the assessee and not as part of the H.U.F. assessment. The share income from the firm could not be included in the H.U.F. assessment, as there was no evidence that the investment was made using joint family funds. en-us Thu, 15 Jul 1976 00:00:00 +0530 Sat, 16 Apr 2011 15:35:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70510 The Tribunal allowed both appeals, ruling in favor of the assessee. It held that the investment in M/s Meenakshi Finance Corporation was made in the individual capacity of the assessee and not as part of the H.U.F. assessment. The share income from the firm could not be included in the H.U.F. assessment, as there was no evidence that the investment was made using joint family funds. Case-Laws Income Tax Thu, 15 Jul 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70510