https://www.taxtmi.com/caselaws?id=20303 The High Court of Gujarat ruled that the income from the partnership share in the firm should be attributed to Hemantkumar Chimanlal in his capacity as karta of the Hindu undivided family, not in his individual capacity. The court found that the entries made by Hemantkumar Chimanlal indicated a clear intention to transition his individual partnership share to the Hindu undivided family, supported by a tripartite agreement solidifying the transition. Consequently, the court held against the Revenue, determining that the income should be considered as that of the Hindu undivided family. en-us Mon, 05 Jul 1993 00:00:00 +0530 Fri, 13 Nov 2009 11:36:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20303 The High Court of Gujarat ruled that the income from the partnership share in the firm should be attributed to Hemantkumar Chimanlal in his capacity as karta of the Hindu undivided family, not in his individual capacity. The court found that the entries made by Hemantkumar Chimanlal indicated a clear intention to transition his individual partnership share to the Hindu undivided family, supported by a tripartite agreement solidifying the transition. Consequently, the court held against the Revenue, determining that the income should be considered as that of the Hindu undivided family. Case-Laws Income Tax Mon, 05 Jul 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20303