1985 (1) TMI 8 - HC - Income Tax

Summary

The High Court of Rajasthan confirmed that a Hindu undivided family's karta can enter into a partnership without contributing separate property. The Tribunal was justified in granting registration to the assessee-firm under section 185 of the Income-tax Act, 1961. The decision is based on the case of Gulraj Poonamchand v. CIT [1984] 148 ITR 326. No costs were awarded as the assessee did not appear.