1991 (3) TMI 43 - HC - Income Tax

Summary

The High Court of Allahabad ruled that the property inherited by the assessee from his father was his individual property, not joint Hindu family property. The court held that the father's interest in the partnership firm was his individual property, not coparcenary property, and therefore devolved upon the assessee as separate property. The court answered question No. 1 in favor of the Revenue and declined to answer question No. 2. The income-tax reference was disposed of with no costs.