1989 (10) TMI 26

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..... ribunal, vide order dated July 27, 1985, has referred the following question for the opinion of this court under section 256 (1) of the Income-tax Act: "Whether, on the facts and in the circumstances of the case, the Appellate Tribunal is correct in law in holding that the income from the property known as 'Amritsar Cotton Mills' should be excluded from the assessment of the assessee for the asse .....

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..... Jairam Singh-five annas share representing the Hindu undivided family of Sobha Singh Jairam Singh. (3) Kirpal Singh-three annas share in individual capacity. (4) Joginder Singh three annas share in individual capacity. In 1954, there was some change in the partnership. Mohan Singh, son of Jairam Singh, was inducted as a partner. The profit sharing ratio of Shri Jairam Singh representing his Hin .....

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..... d. There was distribution of the cash amount as well as the building value. The Department did not raise any dispute regarding the distribution of the cash amount. However, regarding the share of the building, the dispute was raised. The amount of the share of the building was being included in the return of the assessee which, according to the assessee, was to be treated as that of a Hindu undivi .....

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