https://www.taxtmi.com/caselaws?id=22020 Property inherited by a son under section 8 of the Hindu Succession Act, 1956 devolves on him in his individual capacity, not as joint family property. Applying section 4 with the statutory scheme, the Court followed the settled principle that such inheritance does not preserve a birthright claim for the son's son or make the property part of the son's HUF. As a result, the inherited share was treated as the assessee's individual asset and included in his net wealth under the Wealth-tax Act, 1957. en-us Thu, 20 Sep 1990 00:00:00 +0530 Sat, 05 Dec 2009 15:23:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22020 Property inherited by a son under section 8 of the Hindu Succession Act, 1956 devolves on him in his individual capacity, not as joint family property. Applying section 4 with the statutory scheme, the Court followed the settled principle that such inheritance does not preserve a birthright claim for the son's son or make the property part of the son's HUF. As a result, the inherited share was treated as the assessee's individual asset and included in his net wealth under the Wealth-tax Act, 1957. Case-Laws Wealth-tax Thu, 20 Sep 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22020