https://www.taxtmi.com/caselaws?id=193233 The Supreme Court upheld the validity of a sale deed executed in 1935 involving ancestral property, emphasizing legal necessity and family benefit. Despite a slightly lower consideration than land value, the sale relieved the family from mortgage burdens and rent obligations. Relying on legal precedents, the court ruled that in ancestral property sales for family benefit, a purchaser need not account for the entire sale price if legal necessity is proven. The court distinguished the case from others, highlighting the importance of legal necessity and family benefit, ultimately dismissing the suit and affirming the validity of the sale deed with costs throughout. en-us Tue, 22 Jan 1980 00:00:00 +0530 Wed, 19 Jul 2017 11:57:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=193233 The Supreme Court upheld the validity of a sale deed executed in 1935 involving ancestral property, emphasizing legal necessity and family benefit. Despite a slightly lower consideration than land value, the sale relieved the family from mortgage burdens and rent obligations. Relying on legal precedents, the court ruled that in ancestral property sales for family benefit, a purchaser need not account for the entire sale price if legal necessity is proven. The court distinguished the case from others, highlighting the importance of legal necessity and family benefit, ultimately dismissing the suit and affirming the validity of the sale deed with costs throughout. Case-Laws Indian Laws Tue, 22 Jan 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=193233