1985 (10) TMI 35 - HC - Income Tax

Summary

The High Court of Punjab and Haryana dismissed the petition regarding income tax assessment of a Hindu undivided family concern, M/s. Bhag Mal Charanji Lal, where a coparcener entered into a partnership agreement for a business in petroleum products. The Tribunal found that the coparcener entered into the partnership representing the family, not individually. The court held it as a finding of fact and dismissed the petition without costs.