https://www.taxtmi.com/caselaws?id=29603 Reassessment under the Expenditure-tax Act could not be sustained where the disputed expenditure was met from assets and income belonging to the individual members of a Hindu undivided family, not to the family itself. The controlling factual finding was that the insurance proceeds and shares were individual property, so the expenditure could not be treated as expenditure of the assessee-family. On that basis, the assumption that the assessee had failed to disclose all material facts for assessment collapsed, and the reassessment foundation failed. en-us Mon, 14 Jul 1980 00:00:00 +0530 Mon, 15 Mar 2010 10:44:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=29603 Reassessment under the Expenditure-tax Act could not be sustained where the disputed expenditure was met from assets and income belonging to the individual members of a Hindu undivided family, not to the family itself. The controlling factual finding was that the insurance proceeds and shares were individual property, so the expenditure could not be treated as expenditure of the assessee-family. On that basis, the assumption that the assessee had failed to disclose all material facts for assessment collapsed, and the reassessment foundation failed. Case-Laws Income Tax Mon, 14 Jul 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=29603