https://www.taxtmi.com/caselaws?id=37944 The Tribunal concluded that the share income received by the assessee from a partnership firm belonged to the Hindu Undivided Family (HUF) and should be assessed in its hands under the karta. The court ruled in favor of the assessee, affirming that the share income was joint family property. The decision highlighted the ability to constitute a HUF with a male member, wife, and daughter for income tax purposes, emphasizing the conversion of separate property into joint family property. Consequently, the share income was excluded from the individual assessment of the assessee and attributed to the HUF, entitling them to costs and legal fees. en-us Tue, 03 Jan 1978 00:00:00 +0530 Fri, 02 Apr 2010 12:37:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37944 The Tribunal concluded that the share income received by the assessee from a partnership firm belonged to the Hindu Undivided Family (HUF) and should be assessed in its hands under the karta. The court ruled in favor of the assessee, affirming that the share income was joint family property. The decision highlighted the ability to constitute a HUF with a male member, wife, and daughter for income tax purposes, emphasizing the conversion of separate property into joint family property. Consequently, the share income was excluded from the individual assessment of the assessee and attributed to the HUF, entitling them to costs and legal fees. Case-Laws Income Tax Tue, 03 Jan 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37944