https://www.taxtmi.com/caselaws?id=71466 The Tribunal dismissed the appeals, upholding the status of the appellant entities as AOPs instead of HUFs. It ruled that HUFs cannot be created by an individual's act and that income from the business conducted by the alleged smaller HUFs should be assessed under the concept of constructive trust. The Tribunal directed the Assessing Officer to assess the income of the constructive trusts at the maximum marginal rate, affirming the Dy. CIT(A)'s decision on different grounds. en-us Fri, 09 Oct 1992 00:00:00 +0530 Mon, 25 Apr 2011 10:24:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71466 The Tribunal dismissed the appeals, upholding the status of the appellant entities as AOPs instead of HUFs. It ruled that HUFs cannot be created by an individual's act and that income from the business conducted by the alleged smaller HUFs should be assessed under the concept of constructive trust. The Tribunal directed the Assessing Officer to assess the income of the constructive trusts at the maximum marginal rate, affirming the Dy. CIT(A)'s decision on different grounds. Case-Laws Income Tax Fri, 09 Oct 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71466