1996 (9) TMI 74 - HC - Income Tax

Summary

The High Court of Allahabad ruled in favor of the assessee-Hindu undivided family, stating that they should be assessed at the rates applicable to an individual member, not at the higher rates for a specified Hindu undivided family. The Income-tax Appellate Tribunal reversed the assessing authority's decision, emphasizing that the income of individual members should be considered, not that of smaller Hindu undivided families. The relevant assessment year was 1975-76, and the Court agreed with the Tribunal's decision.