1980 (11) TMI 83 - AT - Income Tax

Summary

The Appellate Tribunal ITAT Jaipur allowed the appeal of the assessee, an Advocate, for the assessment year 1978-79. The property in dispute, acquired from the father, was held to belong to the HUF of the assessee based on the principle of Hindu law. The property income was assessed in the hands of the HUF, not the individual assessee. The decision followed the view more favorable to the assessee as per the Supreme Court's judgment in CIT vs. Vegetable Product's case. The appeal was allowed.