https://www.taxtmi.com/caselaws?id=61159 The court upheld the assessee's claim for a 1/3rd income share in the property allocation dispute of S.C.O. No. 85-86 Sector 17 'C', Chandigarh. Despite allegations of collusive decree and tax implications, the court relied on the family settlement and civil court decree determining the 1/3rd shares for the assessee, his wife, and son. The Tribunal found the court decree legally binding, overriding the revenue's arguments, and allowed all three appeals in favor of the assessee, confirming the 1/3rd income allocation. en-us Sat, 20 Mar 1982 00:00:00 +0530 Tue, 11 Jan 2011 11:35:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61159 The court upheld the assessee's claim for a 1/3rd income share in the property allocation dispute of S.C.O. No. 85-86 Sector 17 'C', Chandigarh. Despite allegations of collusive decree and tax implications, the court relied on the family settlement and civil court decree determining the 1/3rd shares for the assessee, his wife, and son. The Tribunal found the court decree legally binding, overriding the revenue's arguments, and allowed all three appeals in favor of the assessee, confirming the 1/3rd income allocation. Case-Laws Income Tax Sat, 20 Mar 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61159