https://www.taxtmi.com/caselaws?id=275593 Income derived from an impartible estate is the separate income of the holder for the time being and is not treated as Hindu undivided family income merely because the holder is also a member or manager of a joint family. The character of impartible estate property differs from ordinary joint family property, so property income, business income, and income from quarries and fisheries arising from such an estate remain taxable in the holder's individual hands. The exemption for receipts by a member of a Hindu undivided family applies only to sums received as such from family income in which a vested share exists, not to income accruing by reason of holding the impartible estate. Individual assessment was upheld. en-us Fri, 04 Dec 1936 00:00:00 +0530 Tue, 09 Oct 2018 14:59:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=275593 Income derived from an impartible estate is the separate income of the holder for the time being and is not treated as Hindu undivided family income merely because the holder is also a member or manager of a joint family. The character of impartible estate property differs from ordinary joint family property, so property income, business income, and income from quarries and fisheries arising from such an estate remain taxable in the holder's individual hands. The exemption for receipts by a member of a Hindu undivided family applies only to sums received as such from family income in which a vested share exists, not to income accruing by reason of holding the impartible estate. Individual assessment was upheld. Case-Laws Income Tax Fri, 04 Dec 1936 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=275593