1989 (10) TMI 26

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..... g question for the opinion of this court under section 256 (1) of the Income-tax Act: "Whether, on the facts and in the circumstances of the case, the Appellate Tribunal is correct in law in holding that the income from the property known as 'Amritsar Cotton Mills' should be excluded from the assessment of the assessee for the assessment years 1976-77, 1979-80 and 1980-81 ?" At this stage, it .....

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..... family of Sobha Singh Jairam Singh. (3) Kirpal Singh-three annas share in individual capacity. (4) Joginder Singh three annas share in individual capacity. In 1954, there was some change in the partnership. Mohan Singh, son of Jairam Singh, was inducted as a partner. The profit sharing ratio of Shri Jairam Singh representing his Hindu undivided family was reduced to two annas and Mohan Sing .....

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..... e building value. The Department did not raise any dispute regarding the distribution of the cash amount. However, regarding the share of the building, the dispute was raised. The amount of the share of the building was being included in the return of the assessee which, according to the assessee, was to be treated as that of a Hindu undivided family. In Income-tax References Nos. 1 and 2 of 198 .....

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