https://www.taxtmi.com/caselaws?id=19245 The High Court of Madras ruled in favor of the assessee in a case concerning the ownership of a property for income tax assessment. The Court held that the assessee, who had obtained ownership through a compromise decree, was the rightful owner of the property. The income from the property was to be assessed in the hands of the assessee for the relevant years, rejecting the initial assessment in the father-in-law's hands. The Court found no legal question arising from the Tribunal's decision and awarded no costs in favor of the assessee. en-us Wed, 01 Feb 1995 00:00:00 +0530 Wed, 04 Nov 2009 18:21:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19245 The High Court of Madras ruled in favor of the assessee in a case concerning the ownership of a property for income tax assessment. The Court held that the assessee, who had obtained ownership through a compromise decree, was the rightful owner of the property. The income from the property was to be assessed in the hands of the assessee for the relevant years, rejecting the initial assessment in the father-in-law's hands. The Court found no legal question arising from the Tribunal's decision and awarded no costs in favor of the assessee. Case-Laws Income Tax Wed, 01 Feb 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19245