https://www.taxtmi.com/caselaws?id=6798 The High Court ruled that the properties received under the deed of gift were to be assessed as individual properties, not as Hindu undivided family (HUF) properties. However, the business assets covered by the partnership deed were deemed to be HUF properties. Therefore, the assessee was to be taxed as an individual for the properties under the deed of gift and as a member of an HUF for the business assets under the partnership deed. Each party was ordered to bear its own costs. en-us Fri, 20 Jan 1967 00:00:00 +0530 Mon, 02 Feb 2009 11:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=6798 The High Court ruled that the properties received under the deed of gift were to be assessed as individual properties, not as Hindu undivided family (HUF) properties. However, the business assets covered by the partnership deed were deemed to be HUF properties. Therefore, the assessee was to be taxed as an individual for the properties under the deed of gift and as a member of an HUF for the business assets under the partnership deed. Each party was ordered to bear its own costs. Case-Laws Wealth-tax Fri, 20 Jan 1967 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=6798