1976 (4) TMI 118

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.... considered together and are disposed of by this order. 2. The assessments made are in the status of the HUF. In the asst. yr. 1971-72, in making the assessment, the ITO allowed as a deduction a share of loss of Rs. 1,411 from a firm, T.M.S. Dhanushkodi Nadar and Sons. The assessee did not show the loss in the return filed on the ground that there was a partial partition. The ITO stated, that by ....

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....of the AAC cancelling an order under s. 154 which in turn cancelled an order under s. 171 for the asst. yr. 1970-71. The result of decision in 1976 TTJ 1017 is that there is no order under s.171 for the asst. yr. 1970-71 and the HUF exists as such. According to the purported partition the business of the firm would have fallen to the assessee, i.e., the Karta. So, in any event, in the absence of t....