https://www.taxtmi.com/caselaws?id=22646 Income from Government securities and house property derived from an inherited impartible estate may be treated as Hindu undivided family income once the estate loses its special impartible character after the Hindu Succession Act, 1956. Applying section 27(ii) of the Income-tax Act, 1961 and the effect of the Hindu Succession Act, the Patna HC noted that the earlier individual return did not prevent the assessee from claiming HUF status for the relevant year. The decisive point was that the inherited estate had become part of the HUF property for income-tax purposes, so the income was assessable in the hands of the HUF. en-us Thu, 15 Nov 1990 00:00:00 +0530 Sat, 12 Dec 2009 10:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22646 Income from Government securities and house property derived from an inherited impartible estate may be treated as Hindu undivided family income once the estate loses its special impartible character after the Hindu Succession Act, 1956. Applying section 27(ii) of the Income-tax Act, 1961 and the effect of the Hindu Succession Act, the Patna HC noted that the earlier individual return did not prevent the assessee from claiming HUF status for the relevant year. The decisive point was that the inherited estate had become part of the HUF property for income-tax purposes, so the income was assessable in the hands of the HUF. Case-Laws Income Tax Thu, 15 Nov 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22646