Case Law Details
Case Name : Ajay Kumar Gupta (HUF) Vs ACIT (ITAT Delhi)
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All ITAT ITAT Delhi
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Ajay Kumar Gupta (HUF) Vs ACIT (ITAT Delhi)
In our considered opinion, the Assessing Officer has rightly invoked section 154 because the assessee wanted to take benefit of the notification issued by the CBDT. In the present case, as per judicial precedents, the HUF itself cannot become a partner in the partnership firm and as such the HUF can also not be a working partner in partnership firm as defined u/s. 40(b) Expln. 4 of the IT Act. The due date of filing of IT return will be 31stJuly and in the given case, the assessee has filed his retu
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