https://www.taxtmi.com/caselaws?id=38066 The court held that income from shares and properties should be assessed as income of the Hindu Undivided Family (HUF) and not as income of the individual for the assessment year 1970-71. Regarding relief under section 80L for gross dividend income, the court ruled in favor of the assessee, stating that the relief is based on gross total income without considering specific expenditures, and the aggregate deductions under Chapter VI-A, including section 80L, should not exceed the gross total income. en-us Wed, 28 Jun 1978 00:00:00 +0530 Sat, 03 Apr 2010 10:11:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38066 The court held that income from shares and properties should be assessed as income of the Hindu Undivided Family (HUF) and not as income of the individual for the assessment year 1970-71. Regarding relief under section 80L for gross dividend income, the court ruled in favor of the assessee, stating that the relief is based on gross total income without considering specific expenditures, and the aggregate deductions under Chapter VI-A, including section 80L, should not exceed the gross total income. Case-Laws Income Tax Wed, 28 Jun 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38066