1973 (9) TMI 48

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....he following question of law for the opinion of this court at the instance of the Commissioner of Income-tax : "Whether, on the facts and in the circumstances of the case, the excess profits tax assessment on the Hindu undivided family for the corresponding chargeable period ending October 22, 1941, was rightly cancelled ?" The chargeable accounting period is from October 25, 1940, to October 22....

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....rt in Commissioner of Income-tax v. Neekelal Jainarain. There it was held that the Excess Profits Tax Act contains no provision for the imposition of excess profits tax in regard to a Hindu undivided family which has disrupted after the issue of notice but before the assessment order has been passed. In Income-tax Officer v. Ram Prasad the Supreme Court has specifically approved the decision of t....