https://www.taxtmi.com/caselaws?id=70545 The Tribunal affirmed the Commissioner's decision to exclude income from properties inherited by the assessee from his mother, upholding their ancestral nature and assessment under the Hindu Undivided Family (HUF). The properties, initially subject to the mother's life interest, were deemed ancestral upon devolution to the sons as per the settlement deed terms, indicating a continuation of the HUF status. The Tribunal dismissed the Department's appeal, allowing the assessee's cross-objection and confirming the ruling in favor of the assessee. en-us Fri, 08 Jun 1979 00:00:00 +0530 Sat, 16 Apr 2011 16:38:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70545 The Tribunal affirmed the Commissioner's decision to exclude income from properties inherited by the assessee from his mother, upholding their ancestral nature and assessment under the Hindu Undivided Family (HUF). The properties, initially subject to the mother's life interest, were deemed ancestral upon devolution to the sons as per the settlement deed terms, indicating a continuation of the HUF status. The Tribunal dismissed the Department's appeal, allowing the assessee's cross-objection and confirming the ruling in favor of the assessee. Case-Laws Income Tax Fri, 08 Jun 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70545