https://www.taxtmi.com/caselaws?id=38228 The court upheld the Tribunal's decision that the share income from the partnership firm, which was thrown into the joint family hotchpot, was not assessable in the hands of the individual assessee. It was determined that once an individual declares their interest in a partnership firm as part of the joint family's assets, it becomes an asset of the Hindu undivided family. The court relied on legal precedents to support this conclusion and dismissed the applications, affirming the Tribunal's decision. en-us Tue, 06 Sep 1977 00:00:00 +0530 Mon, 05 Apr 2010 11:05:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38228 The court upheld the Tribunal's decision that the share income from the partnership firm, which was thrown into the joint family hotchpot, was not assessable in the hands of the individual assessee. It was determined that once an individual declares their interest in a partnership firm as part of the joint family's assets, it becomes an asset of the Hindu undivided family. The court relied on legal precedents to support this conclusion and dismissed the applications, affirming the Tribunal's decision. Case-Laws Income Tax Tue, 06 Sep 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38228