https://www.taxtmi.com/caselaws?id=57696 The Tribunal held that the annual letting value of the property owned by a Hindu Undivided Family (HUF) for the assessment year 1975-76 cannot be assessed in the hands of the family. The share income from the partnership business was deemed as business income and not rent, thus exempt under section 22. The Tribunal rejected the deduction of annual letting value from the share of profits and modified the assessment accordingly. The appeal was partly allowed for statistical purposes. en-us Sat, 19 Apr 1980 00:00:00 +0530 Mon, 13 Dec 2010 10:28:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57696 The Tribunal held that the annual letting value of the property owned by a Hindu Undivided Family (HUF) for the assessment year 1975-76 cannot be assessed in the hands of the family. The share income from the partnership business was deemed as business income and not rent, thus exempt under section 22. The Tribunal rejected the deduction of annual letting value from the share of profits and modified the assessment accordingly. The appeal was partly allowed for statistical purposes. Case-Laws Income Tax Sat, 19 Apr 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57696