https://www.taxtmi.com/caselaws?id=56754 The Appellate Tribunal upheld the decision that the income from the firm should be assessed in the Hindu Undivided Families (HUFs) of the assessees and not in their individual assessments. The Tribunal rejected the department's argument that a single male member could not form an HUF with his wife alone, citing legal precedent. The judgment clarified that the assessment of income can be claimed at any time, as the principle of res judicata does not apply to income tax proceedings. All appeals were dismissed based on the analysis and legal principles applied. en-us Wed, 10 Oct 1984 00:00:00 +0530 Mon, 06 Dec 2010 16:06:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56754 The Appellate Tribunal upheld the decision that the income from the firm should be assessed in the Hindu Undivided Families (HUFs) of the assessees and not in their individual assessments. The Tribunal rejected the department's argument that a single male member could not form an HUF with his wife alone, citing legal precedent. The judgment clarified that the assessment of income can be claimed at any time, as the principle of res judicata does not apply to income tax proceedings. All appeals were dismissed based on the analysis and legal principles applied. Case-Laws Income Tax Wed, 10 Oct 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56754