1976 (4) TMI 118 - AT - Income Tax

Summary

The appeals by the assessee for the asst. yrs. 1971-72 and 1972-73 were considered together. The assessments were made in the status of the HUF. The share income from a firm was included in the assessment and the AAC held that the inclusion was in order. The Tribunal set aside the AAC's order and dismissed both appeals.