https://www.taxtmi.com/caselaws?id=6635 Refund of estate duty with interest was not to be classified by reference only to the decree for interest or the accounting entries, but by the legal character of the estate during the relevant period. While the property remained coparcenary before the disruption in status, the receipt attributable to that period retained the character of capital under the partition principles applicable to joint family assets. After the compromise caused disruption on 17 February 1947, the coparcenary ended and the estate was held by the adopted sons as tenants-in-common, so each sharer's entitlement to principal and accruing interest thereafter had to be treated according to that separate interest. The receipt was therefore capital for the pre-disruption period and revenue for the post-disruption period. en-us Wed, 25 Aug 1965 00:00:00 +0530 Tue, 27 Jan 2009 17:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=6635 Refund of estate duty with interest was not to be classified by reference only to the decree for interest or the accounting entries, but by the legal character of the estate during the relevant period. While the property remained coparcenary before the disruption in status, the receipt attributable to that period retained the character of capital under the partition principles applicable to joint family assets. After the compromise caused disruption on 17 February 1947, the coparcenary ended and the estate was held by the adopted sons as tenants-in-common, so each sharer's entitlement to principal and accruing interest thereafter had to be treated according to that separate interest. The receipt was therefore capital for the pre-disruption period and revenue for the post-disruption period. Case-Laws Income Tax Wed, 25 Aug 1965 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=6635