1982 (11) TMI 88

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....dual by status and so assessed to income-tax and wealth-tax. He is also the karta of the HUF which owns two houses. For the accounting year ended 31-10-1970, the assessee out of his withdrawals from the firm of which he is a partner utilised Rs. 18,000 for altering and reconstructing the joint family houses. He had also spent further sum of Rs. 30,000 for the HUF house at Raki village in Rajasthan....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....an individual and that the other owner of the house property is a HUF which is a separate legal entity, is not at all a material fact. In fact, it is only helpful to the assessee. For purposes of taxation the two may be different entities. But for transfer it may not be two separate entities. We find it difficult to think that this will amount to transfer of a property. Certain money was spent on ....