https://www.taxtmi.com/caselaws?id=267597 The Court upheld the Tribunal's decisions in a case concerning the assessment of undisclosed income from lottery and finance businesses. The income from the lottery business was to be assessed in the hands of the Hindu undivided family, considering the circumstances of the business's operation. Additionally, the undisclosed income from the finance business was deemed to belong to the association of persons rather than the individual operators. The Court ruled in favor of the assessee, dismissing the Revenue's appeal and confirming the assessments made by the Tribunal. en-us Tue, 20 Jan 2015 00:00:00 +0530 Mon, 09 Nov 2015 16:30:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267597 The Court upheld the Tribunal's decisions in a case concerning the assessment of undisclosed income from lottery and finance businesses. The income from the lottery business was to be assessed in the hands of the Hindu undivided family, considering the circumstances of the business's operation. Additionally, the undisclosed income from the finance business was deemed to belong to the association of persons rather than the individual operators. The Court ruled in favor of the assessee, dismissing the Revenue's appeal and confirming the assessments made by the Tribunal. Case-Laws Income Tax Tue, 20 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267597