https://www.taxtmi.com/caselaws?id=20348 Share income from a partnership firm was treated as capable of being impressed with the character of Hindu undivided family property, so it could not be assessed in the individual's hands when binding precedent supported assessment in the HUF's hands. The appellate authorities accepted that the partner's share income belonged to the HUF on the facts and legal position, and the individual assessment could not stand. The reference was answered in favour of the assessee and against the Revenue, with the income directed to be excluded from the individual assessments and taxed in the hands of the Hindu undivided family. en-us Thu, 15 Oct 1992 00:00:00 +0530 Fri, 13 Nov 2009 13:51:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20348 Share income from a partnership firm was treated as capable of being impressed with the character of Hindu undivided family property, so it could not be assessed in the individual's hands when binding precedent supported assessment in the HUF's hands. The appellate authorities accepted that the partner's share income belonged to the HUF on the facts and legal position, and the individual assessment could not stand. The reference was answered in favour of the assessee and against the Revenue, with the income directed to be excluded from the individual assessments and taxed in the hands of the Hindu undivided family. Case-Laws Income Tax Thu, 15 Oct 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20348