https://www.taxtmi.com/caselaws?id=22186 The Tribunal found the partnership firm to be genuine, directing registration and assessing income accordingly. The sons' share income was deemed not includible in the family's assessment, as it was established that the shares did not belong to the family post-registration. The judgment emphasized the importance of factual findings by the Tribunal in such matters and dismissed the Revenue's argument regarding the sons' share income. Ultimately, only the karta's share income was held liable for inclusion in the family's assessment, supporting the Tribunal's decision on the partnership's genuineness and capital contributions. en-us Fri, 05 Jul 1991 00:00:00 +0530 Mon, 07 Dec 2009 18:36:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22186 The Tribunal found the partnership firm to be genuine, directing registration and assessing income accordingly. The sons' share income was deemed not includible in the family's assessment, as it was established that the shares did not belong to the family post-registration. The judgment emphasized the importance of factual findings by the Tribunal in such matters and dismissed the Revenue's argument regarding the sons' share income. Ultimately, only the karta's share income was held liable for inclusion in the family's assessment, supporting the Tribunal's decision on the partnership's genuineness and capital contributions. Case-Laws Income Tax Fri, 05 Jul 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22186