https://www.taxtmi.com/caselaws?id=7659 Self-acquired property may be converted into joint family property by an unequivocal declaration and subsequent conduct, and where the sons took separate possession, maintained separate accounts, and the deceased retained no possession or enjoyment, the agricultural properties were not a deemed gift and were excluded from the estate under section 10. By contrast, the money-lending business remained the deceased's individual asset until a later division treated it as self-acquired property; that division operated as a gift, and because the sons acquired their shares within the statutory period before death, the business assets were deemed to pass on death and were includible under section 9. en-us Tue, 26 Nov 1968 00:00:00 +0530 Tue, 17 Mar 2009 10:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7659 Self-acquired property may be converted into joint family property by an unequivocal declaration and subsequent conduct, and where the sons took separate possession, maintained separate accounts, and the deceased retained no possession or enjoyment, the agricultural properties were not a deemed gift and were excluded from the estate under section 10. By contrast, the money-lending business remained the deceased's individual asset until a later division treated it as self-acquired property; that division operated as a gift, and because the sons acquired their shares within the statutory period before death, the business assets were deemed to pass on death and were includible under section 9. Case-Laws Income Tax Tue, 26 Nov 1968 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7659