https://www.taxtmi.com/caselaws?id=23078 Investment in a house property was examined to determine whether the funds, or income arising from them, were attributable to Hindu undivided family property. The court accepted only part of the assessee's claim: the amount of Rs. 23,137 received under a succession certificate retained its ancestral character in the assessee's hands vis-a -vis his sons, and accretions from its investment in National Savings Certificates also inherited that character. The assessee's treatment of the amount as individual property did not change its legal nature. Accordingly, only the proportion of the house investment traceable to that amount was treated as HUF property and exempt, while the balance of the claim was not proved. en-us Tue, 22 Aug 1989 00:00:00 +0530 Wed, 16 Dec 2009 15:28:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23078 Investment in a house property was examined to determine whether the funds, or income arising from them, were attributable to Hindu undivided family property. The court accepted only part of the assessee's claim: the amount of Rs. 23,137 received under a succession certificate retained its ancestral character in the assessee's hands vis-a -vis his sons, and accretions from its investment in National Savings Certificates also inherited that character. The assessee's treatment of the amount as individual property did not change its legal nature. Accordingly, only the proportion of the house investment traceable to that amount was treated as HUF property and exempt, while the balance of the claim was not proved. Case-Laws Income Tax Tue, 22 Aug 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23078