https://www.taxtmi.com/caselaws?id=19397 The court held that the assessee could form a separate Hindu undivided family (HUF) with his wife and minor daughters for assessing dividend income after a partial partition. The income from shares allotted in the partition should be assessed in the hands of the smaller HUF. Additionally, the court confirmed that the same individual could act as karta for multiple HUFs, allowing the assessee to be karta for both the bigger and smaller HUFs. The court ruled in favor of the assessee, affirming the Tribunal's decision and awarding counsel's fee at Rs. 1,000, with no costs. en-us Fri, 29 Jul 1994 00:00:00 +0530 Thu, 05 Nov 2009 18:20:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19397 The court held that the assessee could form a separate Hindu undivided family (HUF) with his wife and minor daughters for assessing dividend income after a partial partition. The income from shares allotted in the partition should be assessed in the hands of the smaller HUF. Additionally, the court confirmed that the same individual could act as karta for multiple HUFs, allowing the assessee to be karta for both the bigger and smaller HUFs. The court ruled in favor of the assessee, affirming the Tribunal's decision and awarding counsel's fee at Rs. 1,000, with no costs. Case-Laws Income Tax Fri, 29 Jul 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19397