https://www.taxtmi.com/caselaws?id=17048 The High Court affirmed the Tribunal's decision that the income from the hotel business and building belonged to the Hindu joint family of the assessee, his wife, and son, but not the daughter. The Court directed the ITO to exclude half of the income from the business and recompute the total income, impacting subsequent assessments and wealth-tax evaluations. The judgment favored the assessee over the Revenue, settling the primary issue of income ownership in favor of the Hindu joint family. en-us Thu, 10 Oct 1996 00:00:00 +0530 Mon, 14 Sep 2009 18:05:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17048 The High Court affirmed the Tribunal's decision that the income from the hotel business and building belonged to the Hindu joint family of the assessee, his wife, and son, but not the daughter. The Court directed the ITO to exclude half of the income from the business and recompute the total income, impacting subsequent assessments and wealth-tax evaluations. The judgment favored the assessee over the Revenue, settling the primary issue of income ownership in favor of the Hindu joint family. Case-Laws Income Tax Thu, 10 Oct 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17048