HUF assessment. - Income Tax - 1363/CBDT

INSTRUCTION NO. 1363/CBDT Dated: October 22, 1980 The revenue audit have brought to the notice of the board cases where inspite of Instruction No.1118 dated 16-11-77 and 1193 dated 5-7-78 the prescribed higher rates have not been applied correctly. 2. While the board would like to reiterate the above instructions they further desire that the AOs dealing with the cases of HUFs must obtain a declaration in writing from the assessees whether any member has taxable wealth. The fact of higher rates being applied in respect of the specified HUF should also be highlighted in the assessment order invariably to avoid mistake in calculation of tax. 3. These instructions may be brought to the notice of all concerned.