1976 (4) TMI 118

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.... of convenience both the appeals are 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 parti....

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....presentative. We have set aside the other 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 Ka....