1993 (8) TMI 59

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.....-The Income-tax-Appellate Tribunal has referred the following question under section 256(1) of the Income-tax Act, 1961: "Whether, on the facts and in the circumstances of the case, the Appellate Tribunal's view that the entire income from the business in Petroleum Products cannot be assessed as the income of the assessee family; but only the share income of the assessee should be assessed in ....

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....the assessee-firm consisting of the karta of the Hindu undivided family as one of the partners and four other coparceners of the said Hindu undivided family as other partners and they having brought in their separate property was a validly constituted firm and was entitled to registration ?" This court has answered the question in favour of the assessee and against the Revenue. That being so, t....