https://www.taxtmi.com/caselaws?id=372308 The Tribunal allowed the appeal, determining that interest income from delayed compensation for acquired ancestral agricultural land should be taxed in the hands of the Hindu Undivided Family (HUF) rather than the individual. This decision aligned with previous ITAT rulings and Hindu Law principles governing ancestral property, establishing that income derived from ancestral property belongs to the HUF. 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 The Tribunal allowed the appeal, determining that interest income from delayed compensation for acquired ancestral agricultural land should be taxed in the hands of the Hindu Undivided Family (HUF) rather than the individual. This decision aligned with previous ITAT rulings and Hindu Law principles governing ancestral property, establishing that income derived from ancestral property belongs to the HUF. Case-Laws Income Tax Tue, 18 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=372308