1981 (7) TMI 23 - HC - Income Tax

Summary

The High Court of Madhya Pradesh ruled that the sum of Rs. 34,355, inherited by the assessee from his deceased father, constituted his separate and individual property, not the HUF's. The Income-tax Appellate Tribunal's decision to accept the partition was overturned, and the property was deemed to devolve on the son individually under the Hindu Succession Act, 1956.