https://www.taxtmi.com/caselaws?id=19306 The case pertained to assessment years 1968-69 and 1969-70, focusing on the evaluation of firm goodwill, partner credit allocation, profit deduction, and the necessity of an enquiry under section 171 for a Hindu undivided family's profit share. The Appellate Tribunal's decision to remand the case for a proper assessment of partial partition was deemed justified, with an affirmative answer regarding the necessity of an enquiry under section 171 in favor of the Revenue. Other issues, including the 50% profit deduction, were left unresolved, aligning with statutory implications. The judgment provided a comprehensive resolution to the raised issues. en-us Tue, 30 Aug 1994 00:00:00 +0530 Thu, 05 Nov 2009 13:04:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19306 The case pertained to assessment years 1968-69 and 1969-70, focusing on the evaluation of firm goodwill, partner credit allocation, profit deduction, and the necessity of an enquiry under section 171 for a Hindu undivided family's profit share. The Appellate Tribunal's decision to remand the case for a proper assessment of partial partition was deemed justified, with an affirmative answer regarding the necessity of an enquiry under section 171 in favor of the Revenue. Other issues, including the 50% profit deduction, were left unresolved, aligning with statutory implications. The judgment provided a comprehensive resolution to the raised issues. Case-Laws Income Tax Tue, 30 Aug 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19306