https://www.taxtmi.com/caselaws?id=65791 A gift deed transferring immovable property to three donees was construed as creating equal shares because it did not specify any unequal division or other contrary stipulation. On that basis, the assessee's 1/3rd share was treated as definite and ascertained, making assessment in the status of an individual proper under section 26 of the Income-tax Act, 1961. The analysis turns on the absence of language displacing equal ownership among the donees, so the share was not regarded as uncertain or collective for tax purposes. Accordingly, the assessee was liable to be assessed as an individual rather than as a body of individuals. en-us Mon, 27 Feb 1984 00:00:00 +0530 Fri, 18 Feb 2011 17:21:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65791 A gift deed transferring immovable property to three donees was construed as creating equal shares because it did not specify any unequal division or other contrary stipulation. On that basis, the assessee's 1/3rd share was treated as definite and ascertained, making assessment in the status of an individual proper under section 26 of the Income-tax Act, 1961. The analysis turns on the absence of language displacing equal ownership among the donees, so the share was not regarded as uncertain or collective for tax purposes. Accordingly, the assessee was liable to be assessed as an individual rather than as a body of individuals. Case-Laws Income Tax Mon, 27 Feb 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65791