https://www.taxtmi.com/caselaws?id=6856 Ancestral property retained by a sole surviving coparcener is analysed by reference to whether another coparcener may come into existence through birth or adoption. Where that potentiality remains, the property retains its Hindu joint family character for income-tax and wealth-tax purposes, notwithstanding the surviving coparcener's broad power of alienation. The approach distinguishes an earlier line of reasoning that treated alienation powers as determinative and instead treats the continuing possibility of a coparcenary as the decisive test. en-us Mon, 06 Dec 1965 00:00:00 +0530 Fri, 06 Feb 2009 17:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=6856 Ancestral property retained by a sole surviving coparcener is analysed by reference to whether another coparcener may come into existence through birth or adoption. Where that potentiality remains, the property retains its Hindu joint family character for income-tax and wealth-tax purposes, notwithstanding the surviving coparcener's broad power of alienation. The approach distinguishes an earlier line of reasoning that treated alienation powers as determinative and instead treats the continuing possibility of a coparcenary as the decisive test. Case-Laws Income Tax Mon, 06 Dec 1965 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=6856