Source of Funds Determines Property Ownership in HUF; Agreement Silence on Ownership Status Doesn't Alter Character.

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Full Text of the Document

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....Ownership - Mere non-mentioning of the status in the Agreement of purchase or sale does not alter the character of the property especially when the source of funds and that the status of HUF is governed by the investments which were made out of HUF funds and the HUF can purchase property in the name of any member of family. - HC....