1978 (3) TMI 12 - HC - Income Tax

Summary

The High Court of Allahabad held that the share of profit of the assessee from M/s. Gajadhar Prasad Narain Das cannot be included in his total income for rate purposes if it has already been assessed in the hands of his father under s. 64(ii) of the I.T. Act, 1961. This decision is based on a previous ruling and the question was answered in favor of the assessee. The assessee was awarded costs of Rs. 200.