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1996 (10) TMI 38 - HC - Income TaxExtract: .......ting in the splitting up of the capital. Since the income has to be assessed in the hands of the Hindu undivided family by reason of section 171(9) it is indirect payment to the partner attracting the disallowance under section 40(b). We, therefore, answer the question in each of the referred cases in favour of the Revenue and against the assessee.
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