https://www.taxtmi.com/caselaws?id=214227 The High Court held that a Hindu undivided family (HUF) is not a fictional entity but a group of individuals related by blood, allowing an HUF to claim the benefit under section 23(2) of the Income-tax Act. The court ruled in favor of the assessee (HUF), directing the Revenue to bear the costs. This decision clarified that the relief under section 23(2) is available to HUFs based on the interpretation of relevant legal provisions and precedents. en-us Tue, 02 Aug 2011 00:00:00 +0530 Sat, 23 Jun 2012 10:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=214227 The High Court held that a Hindu undivided family (HUF) is not a fictional entity but a group of individuals related by blood, allowing an HUF to claim the benefit under section 23(2) of the Income-tax Act. The court ruled in favor of the assessee (HUF), directing the Revenue to bear the costs. This decision clarified that the relief under section 23(2) is available to HUFs based on the interpretation of relevant legal provisions and precedents. Case-Laws Income Tax Tue, 02 Aug 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=214227