https://www.taxtmi.com/caselaws?id=35793 The High Court affirmed the Tribunal's decision that the profits from the business in the name of Laxman Prasad Ramesh Chandra should be included in the income of the assessee-Hindu undivided family (HUF). Additionally, the unexplained amount of Rs. 11,548 was deemed as income from undisclosed sources of the HUF. The court highlighted the significance of assessing all pertinent facts and circumstances in determining tax implications for joint family businesses and income. en-us Wed, 08 Oct 1980 00:00:00 +0530 Tue, 16 Mar 2010 16:43:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=35793 The High Court affirmed the Tribunal's decision that the profits from the business in the name of Laxman Prasad Ramesh Chandra should be included in the income of the assessee-Hindu undivided family (HUF). Additionally, the unexplained amount of Rs. 11,548 was deemed as income from undisclosed sources of the HUF. The court highlighted the significance of assessing all pertinent facts and circumstances in determining tax implications for joint family businesses and income. Case-Laws Income Tax Wed, 08 Oct 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=35793