https://www.taxtmi.com/caselaws?id=238249 The Tribunal upheld the CIT(A)'s decision in a case involving the Revenue disputing the addition of interest income on FD, undisclosed dividend income, and unexplained bank deposit. The Tribunal ruled in favor of the assessee, determining that the income and investments in question belonged to the HUF and were disclosed in its returns. Despite the bank account being in the individual's name, it was established to be maintained as "karta" of the HUF, leading to the dismissal of the Revenue's appeal. en-us Fri, 11 Oct 2013 00:00:00 +0530 Fri, 18 Oct 2013 21:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=238249 The Tribunal upheld the CIT(A)'s decision in a case involving the Revenue disputing the addition of interest income on FD, undisclosed dividend income, and unexplained bank deposit. The Tribunal ruled in favor of the assessee, determining that the income and investments in question belonged to the HUF and were disclosed in its returns. Despite the bank account being in the individual's name, it was established to be maintained as "karta" of the HUF, leading to the dismissal of the Revenue's appeal. Case-Laws Income Tax Fri, 11 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=238249