https://www.taxtmi.com/caselaws?id=38058 The court ruled in favor of the assessee, excluding income derived after the transfer date from the individual's income computation for the assessment year. The judgment clarified the process of converting individual property into joint family property, emphasizing that a Hindu Undivided Family (HUF) can exist with a single coparcener. The decision favored the assessee by allowing the exclusion of post-transfer income, following the principles established in C. Krishna Prasad v. CIT [1974] 97 ITR 493. en-us Mon, 02 Jun 1975 00:00:00 +0530 Fri, 02 Apr 2010 17:42:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38058 The court ruled in favor of the assessee, excluding income derived after the transfer date from the individual's income computation for the assessment year. The judgment clarified the process of converting individual property into joint family property, emphasizing that a Hindu Undivided Family (HUF) can exist with a single coparcener. The decision favored the assessee by allowing the exclusion of post-transfer income, following the principles established in C. Krishna Prasad v. CIT [1974] 97 ITR 493. Case-Laws Income Tax Mon, 02 Jun 1975 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38058