https://www.taxtmi.com/caselaws?id=65951 The Tribunal allowed the appeal, ruling that the entire income from the property is assessable in the hands of the Hindu Undivided Family (HUF). The HUF was granted a deduction of Rs. 6,298 under section 24(1)(vi) for interest on the housing loan. The Tribunal determined that there was no blending or transfer of personal funds to the family, thus section 64(2) of the Income-tax Act was not applicable. The property was confirmed to belong to the family, and the funds utilized were considered loans, not gifts or blended assets. en-us Sat, 30 Jul 1983 00:00:00 +0530 Sat, 19 Feb 2011 14:35:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65951 The Tribunal allowed the appeal, ruling that the entire income from the property is assessable in the hands of the Hindu Undivided Family (HUF). The HUF was granted a deduction of Rs. 6,298 under section 24(1)(vi) for interest on the housing loan. The Tribunal determined that there was no blending or transfer of personal funds to the family, thus section 64(2) of the Income-tax Act was not applicable. The property was confirmed to belong to the family, and the funds utilized were considered loans, not gifts or blended assets. Case-Laws Income Tax Sat, 30 Jul 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65951