https://www.taxtmi.com/caselaws?id=26130 Property inherited by a son from his deceased father under Mitakshara law did not become the son's absolute individual property merely because the Hindu Succession Act, 1956 had come into force. Where the son was already a member of a Hindu undivided family with his wife and son, the inherited property retained the character of joint family property. On that footing, the correct assessable status for wealth-tax purposes was Hindu undivided family, not individual. The questions were answered in favour of the assessee, confirming HUF treatment for both the inherited property and the tax status. en-us Wed, 25 Sep 1985 00:00:00 +0530 Wed, 03 Feb 2010 10:27:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26130 Property inherited by a son from his deceased father under Mitakshara law did not become the son's absolute individual property merely because the Hindu Succession Act, 1956 had come into force. Where the son was already a member of a Hindu undivided family with his wife and son, the inherited property retained the character of joint family property. On that footing, the correct assessable status for wealth-tax purposes was Hindu undivided family, not individual. The questions were answered in favour of the assessee, confirming HUF treatment for both the inherited property and the tax status. Case-Laws Wealth-tax Wed, 25 Sep 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26130