https://www.taxtmi.com/caselaws?id=64674 Capital gains from sale of property were treated as taxable in the smaller HUFs, not the larger assessee HUF, because the property had been purchased by Onkar Nath and Kishan Chand in their individual capacity and then voluntarily blended into their respective HUFs. Under Hindu law, self-acquired property may be thrown into the common stock, and once so blended, it can be held and dealt with by the relevant HUF. On that basis, the sale was treated as made by the two individuals representing their respective HUFs, with the resultant capital gains belonging to those HUFs and not to the assessee HUF. en-us Tue, 28 May 1985 00:00:00 +0530 Wed, 09 Feb 2011 12:27:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64674 Capital gains from sale of property were treated as taxable in the smaller HUFs, not the larger assessee HUF, because the property had been purchased by Onkar Nath and Kishan Chand in their individual capacity and then voluntarily blended into their respective HUFs. Under Hindu law, self-acquired property may be thrown into the common stock, and once so blended, it can be held and dealt with by the relevant HUF. On that basis, the sale was treated as made by the two individuals representing their respective HUFs, with the resultant capital gains belonging to those HUFs and not to the assessee HUF. Case-Laws Income Tax Tue, 28 May 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64674