1993 (8) TMI 59

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..... s referred the following question under section 256(1) of the Income-tax Act, 1961: "Whether, on the facts and in the circumstances of the case, the Appellate Tribunal's view that the entire income from the business in Petroleum Products cannot be assessed as the income of the assessee family; but only the share income of the assessee should be assessed in the hands of the assessee is sustainable .....

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..... the Hindu undivided family as one of the partners and four other coparceners of the said Hindu undivided family as other partners and they having brought in their separate property was a validly constituted firm and was entitled to registration ?" This court has answered the question in favour of the assessee and against the Revenue. That being so, the partnership constituted and registered by t .....

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