https://www.taxtmi.com/caselaws?id=35886 The Tribunal ruled that only one-third share of the interest income credited to the Hindu undivided family (HUF) account in the firm should be assessed in the individual assessee's hands. The judgment clarified the application of Section 64 of the Income-tax Act, 1961, and the interpretation of Hindu law regarding the treatment of income from converted property. It was determined that the spouse would not be entitled to any share on partition, aligning with legal principles and precedents. The decision emphasized the specific application of Section 64 without altering the underlying principles of Hindu law related to inheritance and partition. en-us Thu, 10 Apr 1980 00:00:00 +0530 Wed, 17 Mar 2010 15:50:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=35886 The Tribunal ruled that only one-third share of the interest income credited to the Hindu undivided family (HUF) account in the firm should be assessed in the individual assessee's hands. The judgment clarified the application of Section 64 of the Income-tax Act, 1961, and the interpretation of Hindu law regarding the treatment of income from converted property. It was determined that the spouse would not be entitled to any share on partition, aligning with legal principles and precedents. The decision emphasized the specific application of Section 64 without altering the underlying principles of Hindu law related to inheritance and partition. Case-Laws Income Tax Thu, 10 Apr 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=35886