Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 1973 (4) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1973 (4) TMI 28 - MADRAS HIGH COURTJoint family was converted into limited company with erstwhile members having equal shares. The eldest son was appointed as the managing director. Share income from company was assessed as HUF's income, but the remuneration as managing director was assessed as his individual income. Subsequently, decision of High Court overruling the decision on which assessment was based was received. Whether this decision can be treated as an information for reopening the assessment
|