1992 (10) TMI 16

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.....-In respect of the assessment years 1972-73 and 1975-76, the Income-tax Tribunal has referred the case and stated the following question to this court: "Whether, on the facts and in the circumstances of the case, the Tribunal was right in law in confirming the deletion of the share income of Rs. 24,925 in the assessment year 1972-73 and of Rs. 20,739 in the assessment year 1975-76 from the ind....

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....or the assessment year 1975-76, on the same day, i.e., January 31, 1978, assessment was made on Shri Jagdish Chand, in respect of the share income, in his capacity as an individual. Appeals were filed by the assessee and the same were allowed by the Appellate Assistant Commissioner. The Income-tax Officer was directed to exclude the share income from the income of the assessee as an individual.....

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.... assessee's partner, namely, CIT v. Madan Lal Mehra [1992] 198 ITR 287, Income-tax References Nos. 11 to 13 of 1982, came to the conclusion that the share of income was rightly directed to be assessed in the hands of the Hindu undivided family. Earlier, in the case of assessee, Jagdish Chand himself, on September 24, 1987, in Income-tax References Nos. 57 to 62 Of 1980, CIT v. Jagdish Chand Khanna....