https://www.taxtmi.com/caselaws?id=9225 A male Hindu's separate property devolving under Section 8 of the Hindu Succession Act, 1956 on a sole Class I heir passes to the heir in his individual capacity, not as karta of a Hindu undivided family. The earlier principle that inherited separate property may acquire joint family character was treated as modified by the statutory scheme. On that basis, the amount standing to the deceased father's credit was not HUF property, and the interest credited on that amount was allowable as a deduction in computing the family's business income. en-us Fri, 17 Aug 1973 00:00:00 +0530 Sat, 20 Jun 2009 15:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9225 A male Hindu's separate property devolving under Section 8 of the Hindu Succession Act, 1956 on a sole Class I heir passes to the heir in his individual capacity, not as karta of a Hindu undivided family. The earlier principle that inherited separate property may acquire joint family character was treated as modified by the statutory scheme. On that basis, the amount standing to the deceased father's credit was not HUF property, and the interest credited on that amount was allowable as a deduction in computing the family's business income. Case-Laws Wealth-tax Fri, 17 Aug 1973 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9225