https://www.taxtmi.com/caselaws?id=39844 The High Court affirmed the Tribunal's decision that the share incomes from two firms and the net wealth of Rs. 1,17,908 belonged to a Hindu undivided family (HUF) and should be excluded from the individual assessments of the assessee. The Court emphasized that property impressed with the character of HUF property retains that status even if represented by a single coparcener. The Court ruled in favor of the assessee, upholding the decisions of the lower authorities and awarding costs to the assessee. en-us Mon, 23 Apr 1973 00:00:00 +0530 Tue, 20 Apr 2010 16:24:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39844 The High Court affirmed the Tribunal's decision that the share incomes from two firms and the net wealth of Rs. 1,17,908 belonged to a Hindu undivided family (HUF) and should be excluded from the individual assessments of the assessee. The Court emphasized that property impressed with the character of HUF property retains that status even if represented by a single coparcener. The Court ruled in favor of the assessee, upholding the decisions of the lower authorities and awarding costs to the assessee. Case-Laws Income Tax Mon, 23 Apr 1973 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39844