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1973 (8) TMI 29 - MADRAS HIGH COURT"Whether Appellate Tribunal was right in excluding the income from property from the total income from the income-tax assessment for the assessment year 1962-63 and the value of this property for wealth-tax purposes for the assessment years 1962-63 and 1963- 64 respectively ? " - Whether individual property can be converted into that of joint family by a declaration in will - If the assessee's intention was to treat his individual property as joint family property in future, it has to be given effect to and the property must be treated as having being merged with the joint family property - Question answered in the affirmative
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