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        Case ID :
        Income Tax

        Whether an amount received by an Individual (a co-parcener to the HUF) from this HUF would be taxable in his hands.

        16 May, 2018

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        Manual - Exempted Income u/s 10 - Assessee Specific

        As per section 10(2) such receipt shall be exempted in the hands of assessee.

        However, such exemption is subject to Section 64(2)

        Exemption for HUF distributions may not apply where clubbing rules apply, affecting taxability of co parcener receipts. Amounts received by an individual co parcener from the HUF are exempt in the hands of the assessee under the general exemption for such receipts, subject to the overriding provision dealing with clubbing or attribution of income which can limit that exemption.
                        Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                          Provisions expressly mentioned in the judgment/order text.

                              Exemption for HUF distributions may not apply where clubbing rules apply, affecting taxability of co parcener receipts.

                              Amounts received by an individual co parcener from the HUF are exempt in the hands of the assessee under the general exemption for such receipts, subject to the overriding provision dealing with clubbing or attribution of income which can limit that exemption.


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