https://www.taxtmi.com/caselaws?id=6173 Interest paid by the Ceylon Government on refunded estate duty, to the extent attributable to the period before severance of a Hindu undivided family, was treated as part of the joint family estate because the duty had been paid from joint family funds and the refund interest had merged into family assets. On partition, the assessee took only a share in the capital of the family estate as it then stood, so the pre-severance portion was not income in his individual hands and was not taxable. The claimed exemption under section 4(3)(vii) of the Income-tax Act, 1922 did not alter that character. en-us Thu, 04 Dec 1969 00:00:00 +0530 Wed, 25 Feb 2015 13:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=6173 Interest paid by the Ceylon Government on refunded estate duty, to the extent attributable to the period before severance of a Hindu undivided family, was treated as part of the joint family estate because the duty had been paid from joint family funds and the refund interest had merged into family assets. On partition, the assessee took only a share in the capital of the family estate as it then stood, so the pre-severance portion was not income in his individual hands and was not taxable. The claimed exemption under section 4(3)(vii) of the Income-tax Act, 1922 did not alter that character. Case-Laws Income Tax Thu, 04 Dec 1969 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=6173