1973 (9) TMI 48 - HC - Income Tax

Summary

The High Court of Allahabad ruled in favor of the assessee in a case related to excess profits tax assessment on a Hindu undivided family. The assessment was canceled because the family had disrupted before the assessment order was passed. The Tribunal also justified entertaining the departmental appeal despite being beyond the time limit. The second question regarding the appeal was left unanswered due to the absence of the assessee's counsel. No costs were awarded, but the counsel fee was assessed at Rs. 200.