https://www.taxtmi.com/caselaws?id=23515 The court held that the term "individual" in Section 64(1) of the Income-tax Act, 1961 should be interpreted in the context of income arising from the membership of the partnership. As the income in question belonged to the Hindu undivided family, Section 64(1) did not apply. The court ruled in favor of the assessee, upholding the Tribunal's decision and dismissing the Revenue's challenge. No costs were awarded. en-us Fri, 22 Sep 1989 00:00:00 +0530 Mon, 21 Dec 2009 15:28:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23515 The court held that the term "individual" in Section 64(1) of the Income-tax Act, 1961 should be interpreted in the context of income arising from the membership of the partnership. As the income in question belonged to the Hindu undivided family, Section 64(1) did not apply. The court ruled in favor of the assessee, upholding the Tribunal's decision and dismissing the Revenue's challenge. No costs were awarded. Case-Laws Income Tax Fri, 22 Sep 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23515