2003 (7) TMI 748

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..... the Income Tax Appellate Tribunal, Delhi Bench 'B', New Delhi (hereinafter referred to as 'the Tribunal') has referred the following question for opinion of this court : Whether on the facts and in the circumstances of the case, and on a proper interpretation of the Will of L. Acharaj Ram dated 28-10-1963, half share in the immovable property and shares in the companies etc. w .....

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..... longing to their branch of undivided family. 3. As noticed above a similar controversy came up for consideration of this court in CIT v. Shambhu Ram Soni [1982] 138 ITR 373(Delhi) and it was held that there was no indication of the intention of the said testator that the property shared by the two sons equally be taken by them as ancestral property in their hands. It was thus held that the prop .....

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