1992 Supreme(SC) 399

SUPREME COURT OF INDIA
EFORE S. RANGANATHAN, V. RAMASWAMI AND R.M. SAHAI, JJ.
COMMISSIONER OF INCOME AX
Versus
P.L. KARUPPAN CHETTIAR
Tax Reference Case No. 1 of 1986
Decided on 11-5-1992

Income from certain properties is not assessable in the hands of a Hindu Undivided Family, following the established precedent of the Supreme Court.

Headnote:(A) Income Tax Act, 1961 - Section 257 - Assessability of income - Income from properties - Hindu Undivided Family - Whether income from certain properties is assessable in the hands of a Hindu Undivided Family - In view of the precedent of this Court, the income from the properties in question is not assessable in the hands of the assessee Hindu Undivided Family.

Facts of the case:
A reference was made to the Court by the Tribunal under Section 257 of the Income Tax Act, 1961, to determine whether the income derived from specific properties was assessable in the hands of the assessee Hindu Undivided Family.

Findings of Court:
The Court found that the income from the properties in question is not assessable in the hands of the assessee Hindu Undivided Family.

Issues: Whether the income from the properties in question is assessable in the hands of the assessee Hindu Undivided Family.

Ratio Decidendi: Relying on the established precedent of this Court, the Court ruled that the income from the properties in question is not assessable in the hands of the Hindu Undivided Family.

Result: Reference answered in favour of the assessee.