1996 (12) TMI 14 - HC - Income Tax

Summary

The High Court of Madras ruled that the status of the assessee should not be considered as that of a Hindu undivided family for wealth-tax assessment purposes for the assessment year 1976-77. This decision was based on a previous ruling in a similar case involving the same assessee for the assessment years 1972-73 to 1974-75. The court's decision favored the Department.