https://www.taxtmi.com/caselaws?id=29120 The Tribunal ruled in favor of the assessee in an HUF assessment case concerning the treatment of income sources. It was determined that amounts reserved for daughters' marriage expenses before partition did not belong to the karta and thus were not considered income of the HUF. Additionally, income earned on the amount allocated to a female member at the time of partition was also excluded from the HUF's income. The judgment highlighted the significance of ownership and allocation at the time of partition, resulting in the exclusion of specific amounts from the HUF's income in favor of the assessee. en-us Tue, 05 Jan 1982 00:00:00 +0530 Thu, 11 Mar 2010 10:15:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=29120 The Tribunal ruled in favor of the assessee in an HUF assessment case concerning the treatment of income sources. It was determined that amounts reserved for daughters' marriage expenses before partition did not belong to the karta and thus were not considered income of the HUF. Additionally, income earned on the amount allocated to a female member at the time of partition was also excluded from the HUF's income. The judgment highlighted the significance of ownership and allocation at the time of partition, resulting in the exclusion of specific amounts from the HUF's income in favor of the assessee. Case-Laws Income Tax Tue, 05 Jan 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=29120