https://www.taxtmi.com/caselaws?id=26386 An assessee who succeeded to an impartible estate was held assessable as a Hindu Undivided Family, consistent with earlier binding decisions after the Hindu Succession Act, 1956. Penal interest under section 217 was leviable because the assessee, though earlier assessed as an individual, was correctly treated as a person not previously assessed in the relevant HUF status for advance-tax purposes. Interest under section 139(8) was also chargeable for delayed filing, since liability turned on late return filing and not on any application for extension of time. Ad interim compensation under the Bihar Land Reforms Act was treated as capital receipt, not taxable revenue income. en-us Wed, 09 Apr 1986 00:00:00 +0530 Thu, 04 Feb 2010 16:19:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26386 An assessee who succeeded to an impartible estate was held assessable as a Hindu Undivided Family, consistent with earlier binding decisions after the Hindu Succession Act, 1956. Penal interest under section 217 was leviable because the assessee, though earlier assessed as an individual, was correctly treated as a person not previously assessed in the relevant HUF status for advance-tax purposes. Interest under section 139(8) was also chargeable for delayed filing, since liability turned on late return filing and not on any application for extension of time. Ad interim compensation under the Bihar Land Reforms Act was treated as capital receipt, not taxable revenue income. Case-Laws Income Tax Wed, 09 Apr 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26386