1986 (7) TMI 139 - AT - Income Tax

Summary

The appeal related to the estate of late Shri Ramaswamy, who was the karta of a HUF. He had entrusted the management of properties to his son due to failing health, but there was no legal divestment of title. The deceased continued to be the legal owner of his share in the coparcenary property, which passed on his death. The appeal was dismissed, and the lineal descendants' share was aggregated as per the Karnataka High Court decision.