2000 (8) TMI 10 - SCH - Income Tax

Whether, the Tribunal was right in law in coming to the conclusion that the amount coming to the share of the husband of the assessee, in a representative capacity as the karta of the HUF in the firm of Morvi Time Company was not liable to be included in the income of the assessee under the provisions of section 64 - question is covered against the Revenue by the decision of the Constitution Bench of this court in CIT v. Shri Om Prakash, hence appeal is dismissed.

Summary

The Supreme Court dismissed the appeal in favor of the assessee, citing a previous judgment. The question was regarding the inclusion of income from the husband of the assessee in a representative capacity, which was found not liable under section 64 of the Income-tax Act, 1961.