https://www.taxtmi.com/caselaws?id=21155 The court determined that the insurance money received by an individual was personal property and not ancestral property of a Hindu undivided family, leading to the shares purchased with this money being deemed as belonging to the individual. Additionally, the court clarified that the actual rent received should be considered as the annual letting value for income tax purposes in the case of income from house property. In a separate matter, the assessee agreed to treat dividend income from certain shares as belonging to the Hindu undivided family, resulting in a ruling in favor of the Department to avoid further litigation. en-us Mon, 02 Nov 1992 00:00:00 +0530 Fri, 20 Nov 2009 13:53:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21155 The court determined that the insurance money received by an individual was personal property and not ancestral property of a Hindu undivided family, leading to the shares purchased with this money being deemed as belonging to the individual. Additionally, the court clarified that the actual rent received should be considered as the annual letting value for income tax purposes in the case of income from house property. In a separate matter, the assessee agreed to treat dividend income from certain shares as belonging to the Hindu undivided family, resulting in a ruling in favor of the Department to avoid further litigation. Case-Laws Income Tax Mon, 02 Nov 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21155