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Income Tax - Highlights / Catch Notes

Home Highlights October 2021 Year 2021 This

Income in the hands of HUF or members - amount in the name of ...


Court Rules Joint Income of HUF Members is HUF Income; Assessee's Revised Declaration Not Accepted.

October 9, 2021

Case Laws     Income Tax     HC

Income in the hands of HUF or members - amount in the name of joint members of HUF - The assessee declaring his income by filing a revised income and offering to tax the amount utilized for the purpose of construction cannot be permitted to contend that the amount in the joint names of two members of the HUF cannot be considered to be the income of the HUF - HC

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