https://www.taxtmi.com/caselaws?id=6404 Compensation payable under section 45 of the Madras Estates (Abolition and Conversion into Ryotwari) Act, 1948 to junior members of a zamindari family was treated as their absolute property and not as wealth of the Hindu undivided family. The statutory scheme, read with section 49, showed that the amounts payable to the sons accrued to them in their own right and were capable of devolution on heirs or successors. Because the holder had no right to reclaim or control those sums, the limited statutory fiction could not be extended to include them in the family's net wealth for wealth-tax purposes. en-us Wed, 07 Mar 1973 00:00:00 +0530 Thu, 04 Dec 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=6404 Compensation payable under section 45 of the Madras Estates (Abolition and Conversion into Ryotwari) Act, 1948 to junior members of a zamindari family was treated as their absolute property and not as wealth of the Hindu undivided family. The statutory scheme, read with section 49, showed that the amounts payable to the sons accrued to them in their own right and were capable of devolution on heirs or successors. Because the holder had no right to reclaim or control those sums, the limited statutory fiction could not be extended to include them in the family's net wealth for wealth-tax purposes. Case-Laws Wealth-tax Wed, 07 Mar 1973 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=6404