1929 (1) TMI 3

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....ance with the order passed by a Division Bench of the High Court under clause (3) of section 66 of the Income-tax Act of 1922. The facts are briefly as below:- The assessee Lala Nathu Mal and his six sons constituted a joint Hindu family and they carried on a business in dyes at Amritsar and some other places under the name and style of Kalu-Mal-Shori Mal and Company. It was stated that the sons ....

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.... observed by the learned Commissioner it is common ground that if the assessee's contention is well-founded, the case is governed by section 25 (3). But on the other hand, if the view taken by the Income-tax authorities is correct, the case falls under section 26. It appears that the Subordinate Income-tax Officers expressed conflicting opinions from time to time in respect of the nature of t....