1981 (2) TMI 4 - HC - Wealth-tax

Summary

The High Court of Madhya Pradesh ruled that the assessee was rightly assessed as an individual, not as a Hindu Undivided Family (HUF), for the assessment year 1975-76. The court found that after a partition, the assessee carried on business in his individual capacity, justifying the individual assessment. The decision was based on the fact that there was a partition between the assessee, his wife, and sons. The court's answer to the question referred was affirmative, against the assessee.