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1993 (10) TMI 46 - RAJASTHAN HIGH COURT
Extract:
.......e word assessee occurring in sub-section (1) of section 54 is referable only to a living person and not to a Hindu undivided family and, consequently, the benefit contemplated by section 54(1) is not available to a Hindu undivided family. The reference is accordingly answered in favour of the Revenue and against the assessee. No orders as to costs.