https://www.taxtmi.com/caselaws?id=22463 Property acquired with the aid of ancestral or joint family funds takes the character of Hindu undivided family property, even if the purchase is made in the name of a member. Here, part of the coffee estate was financed with amounts drawn from the assessee's earlier family partition share, so the estate was treated as HUF property. The later debit entry in the family books did not change the character already attached at acquisition. The income from the estate was therefore assessable in the hands of the assessee-HUF. en-us Thu, 20 Dec 1990 00:00:00 +0530 Thu, 10 Dec 2009 12:18:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22463 Property acquired with the aid of ancestral or joint family funds takes the character of Hindu undivided family property, even if the purchase is made in the name of a member. Here, part of the coffee estate was financed with amounts drawn from the assessee's earlier family partition share, so the estate was treated as HUF property. The later debit entry in the family books did not change the character already attached at acquisition. The income from the estate was therefore assessable in the hands of the assessee-HUF. Case-Laws Income Tax Thu, 20 Dec 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22463