https://www.taxtmi.com/caselaws?id=21878 The High Court determined that the share income of an individual from a partial partition of business assets rightfully belonged to his Hindu undivided family (HUF) rather than to him individually. Despite conflicting precedents, the court aligned with the Orissa High Court's reasoning, ruling in favor of the Revenue. The share income was to be assessed in the individual's capacity, not as a member of the HUF. The court emphasized the specific circumstances of the case and awarded no costs. en-us Sat, 08 Jun 1991 00:00:00 +0530 Wed, 02 Dec 2009 17:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21878 The High Court determined that the share income of an individual from a partial partition of business assets rightfully belonged to his Hindu undivided family (HUF) rather than to him individually. Despite conflicting precedents, the court aligned with the Orissa High Court's reasoning, ruling in favor of the Revenue. The share income was to be assessed in the individual's capacity, not as a member of the HUF. The court emphasized the specific circumstances of the case and awarded no costs. Case-Laws Income Tax Sat, 08 Jun 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21878