https://www.taxtmi.com/caselaws?id=61175 The Tribunal dismissed the Revenue's appeal, upholding the AAC's decision that the income earned by the daughter-in-law should not be included in the assessment of the HUF. The Tribunal found that the gift made by the Karta to his daughter-in-law was valid, and there was no direct correlation between the gift amount and the income earned by her. Emphasizing legal principles and precedents, the Tribunal concluded that the income from the firm should not be attributed to the HUF. en-us Sat, 21 Nov 1981 00:00:00 +0530 Tue, 11 Jan 2011 12:03:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61175 The Tribunal dismissed the Revenue's appeal, upholding the AAC's decision that the income earned by the daughter-in-law should not be included in the assessment of the HUF. The Tribunal found that the gift made by the Karta to his daughter-in-law was valid, and there was no direct correlation between the gift amount and the income earned by her. Emphasizing legal principles and precedents, the Tribunal concluded that the income from the firm should not be attributed to the HUF. Case-Laws Income Tax Sat, 21 Nov 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61175