https://www.taxtmi.com/caselaws?id=15841 The court determined that the property settled in favor of the assessee was his individual property, not part of the Hindu Undivided Family (HUF). The income and wealth from the property were to be assessed in the hands of the assessee individually. The court rejected arguments that the property was intended for the benefit of the family as a whole, emphasizing the individual nature of the asset. The court ruled in favor of the Revenue, concluding that the property should be assessed as belonging to the assessee individually under the Income-tax Act and the Wealth-tax Act. en-us Thu, 30 Apr 1998 00:00:00 +0530 Sat, 29 Aug 2009 14:52:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15841 The court determined that the property settled in favor of the assessee was his individual property, not part of the Hindu Undivided Family (HUF). The income and wealth from the property were to be assessed in the hands of the assessee individually. The court rejected arguments that the property was intended for the benefit of the family as a whole, emphasizing the individual nature of the asset. The court ruled in favor of the Revenue, concluding that the property should be assessed as belonging to the assessee individually under the Income-tax Act and the Wealth-tax Act. Case-Laws Income Tax Thu, 30 Apr 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15841