https://www.taxtmi.com/caselaws?id=38913 A compromise decree settling litigation over Ferreira Mansion was treated as operating only from the date of the settlement and not as a declaration of pre-existing title. On the evidence, the Tribunal found that Dr. Ferreira owned the property until the consent decree and that there was no material to treat him as a benamidar for the trust. The later decree therefore could not retrospectively alter ownership or rewrite the position for earlier accounting years, with the result that the earlier income from the property could not be assessed in the assessee's hands on that basis. en-us Tue, 07 Dec 1976 00:00:00 +0530 Sat, 10 Apr 2010 13:10:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38913 A compromise decree settling litigation over Ferreira Mansion was treated as operating only from the date of the settlement and not as a declaration of pre-existing title. On the evidence, the Tribunal found that Dr. Ferreira owned the property until the consent decree and that there was no material to treat him as a benamidar for the trust. The later decree therefore could not retrospectively alter ownership or rewrite the position for earlier accounting years, with the result that the earlier income from the property could not be assessed in the assessee's hands on that basis. Case-Laws Income Tax Tue, 07 Dec 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38913