https://www.taxtmi.com/caselaws?id=5181 The Supreme Court held that the share income of three minor sons from the firm was assessable as the income of the Hindu undivided family (HUF). Despite disclaimers by the widow and major daughters, the minors' admission to the partnership and the interest-free use of HUF funds indicated a connection between the income and the family. The Court applied principles from previous cases and concluded that the income was earned with HUF funds, leading to the dismissal of the appeal and affirming the lower authorities' decisions. en-us Thu, 27 Jul 1978 00:00:00 +0530 Fri, 21 Nov 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5181 The Supreme Court held that the share income of three minor sons from the firm was assessable as the income of the Hindu undivided family (HUF). Despite disclaimers by the widow and major daughters, the minors' admission to the partnership and the interest-free use of HUF funds indicated a connection between the income and the family. The Court applied principles from previous cases and concluded that the income was earned with HUF funds, leading to the dismissal of the appeal and affirming the lower authorities' decisions. Case-Laws Income Tax Thu, 27 Jul 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5181