https://www.taxtmi.com/caselaws?id=29360 A Hindu undivided family may continue to hold joint family property after partition, and income from property held by a smaller family consisting of the assessee, his wife and unmarried daughters is not taxable as the assessee's individual income. Property inherited by a son on his father's death is governed by the Hindu Succession Act, 1956; under the statutory scheme of intestate succession, that inherited property does not become coparcenary or ancestral property in the son's branch merely because he has sons. The reference was thus accepted only in part, with HUF status recognised for the first asset and denied for the inherited property. en-us Fri, 03 Jul 1981 00:00:00 +0530 Fri, 12 Mar 2010 13:34:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=29360 A Hindu undivided family may continue to hold joint family property after partition, and income from property held by a smaller family consisting of the assessee, his wife and unmarried daughters is not taxable as the assessee's individual income. Property inherited by a son on his father's death is governed by the Hindu Succession Act, 1956; under the statutory scheme of intestate succession, that inherited property does not become coparcenary or ancestral property in the son's branch merely because he has sons. The reference was thus accepted only in part, with HUF status recognised for the first asset and denied for the inherited property. Case-Laws Income Tax Fri, 03 Jul 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=29360