https://www.taxtmi.com/caselaws?id=37631 The court held that the income from the firm was not includible in the individual taxable income of Ghansham Dass. It further ruled that the property bequeathed by Smt. Manbhawati Devi became joint family property and not the individual property of Ghansham Dass. The court affirmed the exclusion of income but disagreed on the characterization of the bequest, ultimately ruling in favor of the revenue on the nature of the property. The assessee was entitled to costs assessed at Rs. 250. en-us Tue, 02 May 1978 00:00:00 +0530 Wed, 31 Mar 2010 10:51:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37631 The court held that the income from the firm was not includible in the individual taxable income of Ghansham Dass. It further ruled that the property bequeathed by Smt. Manbhawati Devi became joint family property and not the individual property of Ghansham Dass. The court affirmed the exclusion of income but disagreed on the characterization of the bequest, ultimately ruling in favor of the revenue on the nature of the property. The assessee was entitled to costs assessed at Rs. 250. Case-Laws Income Tax Tue, 02 May 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37631