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2003 (4) TMI 66 - HC - Income Tax"(i) Whether, Tribunal was justified in holding that the share income derived by the minor, Shri T. Surya Baparao, by reason of his admission to the benefits of partnership should be regarded as share income of the HUF represented by the minor? - (ii) Whether, Tribunal was justified in holding that the share income derived by the minor, Shri T. Surya Baparao by reason of his admission to the benefits of partnership was not his individual income and hence the provisions of section 64(1)(iii) did not apply? - (iii) Whether, Tribunal was justified in holding that the minor, Shri T. Surya Baparao who under the Partnership Act could not at all become a partner but only be admitted to the benefits of partnership could represent his Hindu undivided family in a firm?" - We answer all the questions referred to us in the affirmative, against the Revenue and in favour of the assessee.
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