https://www.taxtmi.com/caselaws?id=77998 The court ruled in favor of the petitioner, a Hindu Undivided Family (HUF), challenging the debit of funds from its account for an individual's tax liability. The court held that only the portion attributable to the individual's share in the HUF account could be attached for personal tax obligations. The respondent was directed to recredit the amount excluding the individual's share and to retain that portion pending the appeal's outcome. The judgment emphasized the distinction between individual and HUF tax liabilities, safeguarding HUF assets from undue depletion for individual debts. en-us Mon, 11 Oct 2010 00:00:00 +0530 Mon, 25 Oct 2010 18:59:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=77998 The court ruled in favor of the petitioner, a Hindu Undivided Family (HUF), challenging the debit of funds from its account for an individual's tax liability. The court held that only the portion attributable to the individual's share in the HUF account could be attached for personal tax obligations. The respondent was directed to recredit the amount excluding the individual's share and to retain that portion pending the appeal's outcome. The judgment emphasized the distinction between individual and HUF tax liabilities, safeguarding HUF assets from undue depletion for individual debts. Case-Laws Income Tax Mon, 11 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=77998