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1973 (8) TMI 24 - HC - Wealth-taxFather and son divided family business and ran it as partnership - father died - Whether the amounts standing to his credit devolves on his son in his individual capacity or on undivided family of the deceased and his sons " Whether, on the facts and in the circumstances of the case, the conclusion of the Tribunal that the sum of Rs. 1,85,043 and Rs. 1,82,742 did not constitute the assets of the assesee-Hindu undivided family is correct ? " - " Whether, on the facts and in the circumstances of the case, the interest of Rs. 23,330 on said amount, is allowable deduction in the computation of the business profits of the assessee-joint family ? "
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