https://www.taxtmi.com/caselaws?id=372308 Interest on delayed compensation for acquisition of ancestral agricultural land was treated as income of the HUF where the land formed ancestral coparcenary property. The Tribunal applied its earlier decision on the same family and similar facts, holding that the naming of an individual PAN or bank account did not change the real owner of the income. It also noted that the relevant HUFs had later disclosed the income and paid tax under the Income Declaration Scheme. The income was therefore taxable in the hands of the HUF and not in the hands of the individual member. en-us Tue, 18 Dec 2018 00:00:00 +0530 Thu, 20 Dec 2018 10:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=372308 Interest on delayed compensation for acquisition of ancestral agricultural land was treated as income of the HUF where the land formed ancestral coparcenary property. The Tribunal applied its earlier decision on the same family and similar facts, holding that the naming of an individual PAN or bank account did not change the real owner of the income. It also noted that the relevant HUFs had later disclosed the income and paid tax under the Income Declaration Scheme. The income was therefore taxable in the hands of the HUF and not in the hands of the individual member. Case-Laws Income Tax Tue, 18 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=372308