https://www.taxtmi.com/caselaws?id=29026 Property received under a family arrangement was examined for its tax character by reference to the underlying Hindu law title. The arrangement was not treated as a reunion reviving the earlier joint family, but the assets allotted to the assessee retained their pre-existing ancestral or joint family character because that title formed the basis of the compromise and the property was pooled and reallocated in substitution of it. Restrictions on disposition did not change that character. On that footing, the assessee was assessable in the status of a Hindu undivided family, not as an individual. en-us Tue, 18 Aug 1981 00:00:00 +0530 Wed, 10 Mar 2010 12:55:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=29026 Property received under a family arrangement was examined for its tax character by reference to the underlying Hindu law title. The arrangement was not treated as a reunion reviving the earlier joint family, but the assets allotted to the assessee retained their pre-existing ancestral or joint family character because that title formed the basis of the compromise and the property was pooled and reallocated in substitution of it. Restrictions on disposition did not change that character. On that footing, the assessee was assessable in the status of a Hindu undivided family, not as an individual. Case-Laws Income Tax Tue, 18 Aug 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=29026