Disposition under estate duty: treating unilateral transfer into HUF hotchpotch as a disposition with limited effect. The Board advised that declaring self acquired property thrown into the HUF hotchpotch would amount to a disposition under the Estate Duty Act; it constitutes a disposition in favour of a relative if the HUF members at the time are covered by the statutory definition of 'relative,' and where only some members qualify the disposition applies only to the shares of those qualifying members.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Disposition under estate duty: treating unilateral transfer into HUF hotchpotch as a disposition with limited effect.
The Board advised that declaring self acquired property thrown into the HUF hotchpotch would amount to a disposition under the Estate Duty Act; it constitutes a disposition in favour of a relative if the HUF members at the time are covered by the statutory definition of "relative," and where only some members qualify the disposition applies only to the shares of those qualifying members.
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