1951 (12) TMI 17 - HC - Income Tax

Summary

The High Court of Allahabad ruled that Amarnath and Dina Nath, as members of a Hindu undivided family, could represent and bind the family in a partnership with an outsider. The Tribunal found that the funds for the partnership were supplied by the joint family business, and therefore, the profits belonged to the joint family. The Court affirmed this decision.