https://www.taxtmi.com/caselaws?id=37864 Where annuity deposits are repaid after disruption of a joint Hindu family, taxability depends on the status of the recipients at the time of receipt. After partition, the coparceners cease to form a joint family and their shares become defined, so the repayment cannot be assessed in the hands of the former karta as if the family continued. The annuity retains its character as income in the hands of each divided coparcener and is not treated as capital. en-us Thu, 13 Oct 1977 00:00:00 +0530 Thu, 01 Apr 2010 15:15:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37864 Where annuity deposits are repaid after disruption of a joint Hindu family, taxability depends on the status of the recipients at the time of receipt. After partition, the coparceners cease to form a joint family and their shares become defined, so the repayment cannot be assessed in the hands of the former karta as if the family continued. The annuity retains its character as income in the hands of each divided coparcener and is not treated as capital. Case-Laws Income Tax Thu, 13 Oct 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37864