https://www.taxtmi.com/caselaws?id=6856 Ancestral property retained by a sole surviving coparcener after partition remains assessable as Hindu joint family property, not as individual property, for income-tax and wealth-tax purposes if there is a continuing possibility of a coparcener arising by birth or adoption. The article favours the line of authority that treats that potentiality as the decisive test, rather than the breadth of the holder's power of alienation. It distinguishes earlier decisions based on the opposite view and notes that the same reasoning applies to the relevant statutory expression. 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 after partition remains assessable as Hindu joint family property, not as individual property, for income-tax and wealth-tax purposes if there is a continuing possibility of a coparcener arising by birth or adoption. The article favours the line of authority that treats that potentiality as the decisive test, rather than the breadth of the holder's power of alienation. It distinguishes earlier decisions based on the opposite view and notes that the same reasoning applies to the relevant statutory expression. Case-Laws Income Tax Mon, 06 Dec 1965 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=6856