https://www.taxtmi.com/caselaws?id=287053 Whether a karta's settlement of joint family property by trust or gift divests the Hindu undivided family was decided on the basis that such managerial alienation is generally voidable at the instance of affected coparceners but not void ab initio; absent allegation or successful impeachment by coparceners and where transfer served minors' benefit, the trust operated to divest the family. Consequentially, dividend income from shares settled under the trust was held not assessable to the family on the material before the Court, subject to change if coparceners later impeach the transfer. en-us Mon, 17 Jul 1961 00:00:00 +0530 Thu, 26 Mar 2020 14:08:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=287053 Whether a karta's settlement of joint family property by trust or gift divests the Hindu undivided family was decided on the basis that such managerial alienation is generally voidable at the instance of affected coparceners but not void ab initio; absent allegation or successful impeachment by coparceners and where transfer served minors' benefit, the trust operated to divest the family. Consequentially, dividend income from shares settled under the trust was held not assessable to the family on the material before the Court, subject to change if coparceners later impeach the transfer. Case-Laws Income Tax Mon, 17 Jul 1961 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=287053