Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 1988 (12) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1988 (12) TMI 57 - PUNJAB AND HARYANA HIGH COURTExtract: .......he converted property, therefore, must be deemed to arise to the assessee as his individual income and not to the Hindu undivided family of the assessee. A similar view has been taken by the High Court of Allahabad in CIT v. Mulkh Raj and Sons 1982 135 ITR 89. The reference is thus answered accordingly. There will, however, be no order as to costs.
|