2001 (7) TMI 65 - HC - Income Tax

Summary

The High Court of Punjab and Haryana ruled in a case regarding the assessment year 1985-86. The Assessing Officer added income from property to the taxable income, but the Commissioner of Income-tax (Appeals) later decided it should be treated as income of the Hindu undivided family. The Tribunal upheld this decision, stating the income should be shared by both brothers, not just one. The court agreed with the Tribunal's decision, stating the addition to the respondent's income was not justified.