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Member of HUF is not assessable for HUF’s Income on Acquisition of Excise License after the Demise of Karta: ITAT Bangalore
In P.G Sunandamma v. ITO, the ITAT, Bangalore, held that the transfer of excise license to a member of HUF on death of Karta cannot be reason to...
![No Income Tax on Gift made by HUF to its Member: ITAT Mumbai [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/04/Gift-Taxscan.jpg "No Income Tax on Gift made by HUF to its Member: ITAT Mumbai [Read Order]")
![Deemed Dividend can only be Assessed in the Hands of Registered Shareholders, Company cannot be assessed: Madras HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/08/Deemed-Dividends-Taxscan.jpg "Deemed Dividend can only be Assessed in the Hands of Registered Shareholders, Company cannot be assessed: Madras HC [Read Judgment]")
Transfer of Machinery by a member to the HUF is not a transfer between ‘related parties’, reiterates ITAT Hyderabad [Read Order]
Only Clerical and Grammatical errors can be corrected through rectification application, says ITAT Hyderabad. In Ganjikunta Kishore Babu (HUF) v. HUF, the Hyderabad ITAT reiterated that the...
![Transfer of Machinery by a member to the HUF is not a transfer between ‘related parties’, reiterates ITAT Hyderabad [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/ITAT-Kolkata-TaxScan.jpg "Transfer of Machinery by a member to the HUF is not a transfer between ‘related parties’, reiterates ITAT Hyderabad [Read Order]")
Payment Received by an HUF is ‘Deemed Dividend’ if one of its member is Shareholder with Substantial Interest: SC [Read Judgment]
The two judge bench of Supreme Court of India yesterday held that, payments received by Hindu Undivided Family (HUF) is considered as deemed dividend within the meaning of Section 2(22)(e) of the...
![Payment Received by an HUF is ‘Deemed Dividend’ if one of its member is Shareholder with Substantial Interest: SC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/07/Supreme-Court-Tax-Scan.jpg "Payment Received by an HUF is ‘Deemed Dividend’ if one of its member is Shareholder with Substantial Interest: SC [Read Judgment]")