The Income Tax Appellate Tribunal (ITAT), Bangalore bench has held that once partition is completed and the HUF is dissolved, such HUF cannot be taxed even for an earlier year when the income was received and the HUF was in existence. The Assessing Officer framed an addition against the Hindu Undivided Family after its partition. […]
The post HUF can’t be Taxed after Its Partition: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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