https://www.taxtmi.com/caselaws?id=15671 Share income arising from property devolving on heirs under section 8 of the Hindu Succession Act retains the character of individual property in their hands, so the resulting income is assessable as individual income and not in the hands of a Hindu undivided family. The Tribunal's view was supported by binding High Court and Supreme Court precedent, and the alternative argument based on section 168 of the Income-tax Act, 1961 did not require examination. The share income was therefore held not assessable in the assessee-HUF's hands and had to be assessed separately in accordance with law. en-us Wed, 17 Dec 1997 00:00:00 +0530 Wed, 26 Aug 2009 17:56:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15671 Share income arising from property devolving on heirs under section 8 of the Hindu Succession Act retains the character of individual property in their hands, so the resulting income is assessable as individual income and not in the hands of a Hindu undivided family. The Tribunal's view was supported by binding High Court and Supreme Court precedent, and the alternative argument based on section 168 of the Income-tax Act, 1961 did not require examination. The share income was therefore held not assessable in the assessee-HUF's hands and had to be assessed separately in accordance with law. Case-Laws Income Tax Wed, 17 Dec 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15671