1975 (9) TMI 19 - HC - Income Tax

Summary

The High Court of Calcutta ruled in favor of the assessee in an income tax case where the issue was whether the income from a property could be assessed in the hands of a Hindu undivided family. The court found that a deed of partition conclusively showed that the property had been partitioned among the family members, leading to the decision that the income could not be assessed in the hands of the Hindu undivided family. The Tribunal's decision was upheld, and the appeal by the revenue department was dismissed.