https://www.taxtmi.com/caselaws?id=58129 The Tribunal applied the relation-back principle to hold that income from Mewar House was not taxable in the assessee's hands once registration related back to execution, and the related capital loss had to be considered in the assessment year corresponding to that execution date. It further held that properties inherited from the former ruler were not permanently immune impartible estate assets and could be thrown into the Hindu undivided family hotch-potch by clear declaration, excluding the income from individual assessment from that date. The City Palace exemption was sustained for the relevant year despite conversion into a hotel, and the curio shop loss was accepted on the recorded facts. The departmental appeals failed. en-us Thu, 17 Dec 1981 00:00:00 +0530 Fri, 17 Dec 2010 15:05:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58129 The Tribunal applied the relation-back principle to hold that income from Mewar House was not taxable in the assessee's hands once registration related back to execution, and the related capital loss had to be considered in the assessment year corresponding to that execution date. It further held that properties inherited from the former ruler were not permanently immune impartible estate assets and could be thrown into the Hindu undivided family hotch-potch by clear declaration, excluding the income from individual assessment from that date. The City Palace exemption was sustained for the relevant year despite conversion into a hotel, and the curio shop loss was accepted on the recorded facts. The departmental appeals failed. Case-Laws Income Tax Thu, 17 Dec 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58129