1996 (2) TMI 41 - HC - Income Tax

A Partner HUF Income Inclusions In Total Income Individual Income Minor Child Partner As Karta

Summary

The High Court of Madras ruled that the share income of minor sons in a partnership firm should not be clubbed with the income of the assessee if the assessee is a partner as the karta of the Hindu undivided family. This decision was based on a similar ruling by the Supreme Court in the case of CIT v. Shri Om Prakash [1996] 217 ITR 785. The Tribunal dismissed the Department's appeal, and the question was answered in favor of the assessee.