1998 (2) TMI 39

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....--The tax cases relate to two assessment years, viz., 1978-79 and 1979-80. The points involved are common and the following two questions of law have been referred to us at the instance of the Department : "1. Whether, on the facts and circumstances of the case, the Tribunal was right in holding that the interest credited to the accounts of the family members of the assessee-Hindu undivided fam....

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....llate Assistant Commissioner and the Tribunal held that the partial partition claimed by the assessee was valid and the amount set apart under the said partition did not belong to the assessee-family. The Appellate Tribunal followed its earlier orders and rejected the appeal by the Department. The earlier order of the Appellate Tribunal in the assessee's own case, was the subject-matter of cons....

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....sian income and the same was assessed in his individual status. The Income-tax Officer, denied the benefit of deduction under section 80L of the Act, because the assessee had a member who had more than the taxable income in his individual assessment, and the assessee was a specified Hindu undivided family. The Appellate Assistant Commissioner as well as the Appellate Tribunal held that as one of t....