https://www.taxtmi.com/caselaws?id=16204 The Tribunal's decisions affirmed that property income and net wealth from converted properties should not be included in individual assessments. The genuineness and validity of the conversion into Hindu Undivided Family (HUF) properties and partial partition were upheld. The Tribunal clarified the applicability of Section 64(2)(b) of the Income-tax Act, directing inclusion of income from the spouse only. Various tax cases involving income and wealth assessments concluded in favor of the assessees, with costs awarded to the Revenue's counsel. en-us Wed, 18 Mar 1998 00:00:00 +0530 Tue, 01 Sep 2009 17:45:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16204 The Tribunal's decisions affirmed that property income and net wealth from converted properties should not be included in individual assessments. The genuineness and validity of the conversion into Hindu Undivided Family (HUF) properties and partial partition were upheld. The Tribunal clarified the applicability of Section 64(2)(b) of the Income-tax Act, directing inclusion of income from the spouse only. Various tax cases involving income and wealth assessments concluded in favor of the assessees, with costs awarded to the Revenue's counsel. Case-Laws Income Tax Wed, 18 Mar 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16204