https://www.taxtmi.com/caselaws?id=66035 The Appellate Tribunal ITAT Hyderabad-A dismissed all departmental appeals against the order of the Appellate Assistant Commissioner, ruling in favor of the assessee. The central issue was the inclusion of income from property settled for minor children in the assessee's income under section 64(1)(v) of the Income-tax Act, 1961. The Tribunal determined that the settlement was a family settlement arising from matrimonial discord and the mother's legal obligations towards her minor children, not constituting a taxable transfer. The judgment highlighted the importance of family disputes and legal responsibilities in property settlements, emphasizing the non-taxable nature of settlements for maintenance or marriage of unmarried daughters. en-us Fri, 29 Dec 1989 00:00:00 +0530 Mon, 21 Feb 2011 10:23:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66035 The Appellate Tribunal ITAT Hyderabad-A dismissed all departmental appeals against the order of the Appellate Assistant Commissioner, ruling in favor of the assessee. The central issue was the inclusion of income from property settled for minor children in the assessee's income under section 64(1)(v) of the Income-tax Act, 1961. The Tribunal determined that the settlement was a family settlement arising from matrimonial discord and the mother's legal obligations towards her minor children, not constituting a taxable transfer. The judgment highlighted the importance of family disputes and legal responsibilities in property settlements, emphasizing the non-taxable nature of settlements for maintenance or marriage of unmarried daughters. Case-Laws Income Tax Fri, 29 Dec 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66035