1965 (11) TMI 10 - HC - Income Tax

Where there only existed a coparcener and his wife and it was held that they constituted a HUF and the assessment was required to be made in that status

Summary

The High Court of Allahabad ruled that the assets assessed in the hands of Gajanand belonged to the Hindu undivided family constituted by Gajanand, his mother, and his wife. The court held that the property left by Rameshwar Das was owned by Gajanand as an individual and was subject to wealth-tax. The court referred to a similar case under the Income-tax Act and decided in favor of the assessee. The department was ordered to pay the costs of the assessee. Appeal dismissed. (Case citation: 1965 (11) TMI 10 - ALLAHABAD High Court)