https://www.taxtmi.com/caselaws?id=284773 A Hindu undivided family that has not been fully disrupted cannot be treated as wholly converted into a limited company for income-tax assessment, but a successor company may be assessed in respect of a separable business actually taken over. Proceedings validly started against the predecessor continue against the successor, and no fresh notice is required unless the statute expressly provides otherwise. Salary amounts credited to family members were not allowed as a deduction. A new contention raised for the first time after admission of the appeal was held not entertainable, so the appellate authority could refuse to consider it. en-us Tue, 23 Dec 1930 00:00:00 +0530 Tue, 10 Dec 2019 12:59:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=284773 A Hindu undivided family that has not been fully disrupted cannot be treated as wholly converted into a limited company for income-tax assessment, but a successor company may be assessed in respect of a separable business actually taken over. Proceedings validly started against the predecessor continue against the successor, and no fresh notice is required unless the statute expressly provides otherwise. Salary amounts credited to family members were not allowed as a deduction. A new contention raised for the first time after admission of the appeal was held not entertainable, so the appellate authority could refuse to consider it. Case-Laws Income Tax Tue, 23 Dec 1930 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=284773