Bombay High Court Upholds HUF Claim Over Share Income in Partnership Firm — Unilateral Declaration Valid When Supported by HUF Funds and Consistent Assessments. Income from 6% share in B. Mehta & Co. held to belong to HUF headed by M.D. Vora, not individual assessee, based on investment of HUF capital and subsequent consistent treatment in HUF assessments.
12 Jul 2005The case involved a reference under section 256(1) of the Income Tax Act, 1961, at the instance of the assessee, M. D. Vora. The dispute pertained to ...




