https://www.taxtmi.com/caselaws?id=28007 The court held that a sole surviving coparcener can dispose of coparcenary property as if it were his separate property. Gifts made by the coparcener from Hindu undivided family (HUF) property to family members were deemed valid. Capital gains arising from such gifts were not to be taxed in the hands of the coparcener. The court referenced legal principles and precedent to support its decision. The ruling favored the coparcener, upholding the validity of the gifts and dismissing the need for a High Court reference. en-us Fri, 27 Jan 1984 00:00:00 +0530 Wed, 17 Feb 2010 13:21:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28007 The court held that a sole surviving coparcener can dispose of coparcenary property as if it were his separate property. Gifts made by the coparcener from Hindu undivided family (HUF) property to family members were deemed valid. Capital gains arising from such gifts were not to be taxed in the hands of the coparcener. The court referenced legal principles and precedent to support its decision. The ruling favored the coparcener, upholding the validity of the gifts and dismissing the need for a High Court reference. Case-Laws Income Tax Fri, 27 Jan 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28007