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TMI Blog1969 (9) TMI 13X X X X Extracts X X X X X X X X Extracts X X X X ..... , 1922. Kanhaiya Lal is the assessee. He was assessed as an individual for three assessment years, 1956-57, 1957-58 and 1958-59. He was also the head of a Hindu undivided family consisting of himself and his three sons. On November 19, 1955, Kanhaiya Lai executed a deed of declaration. In that document he declared that certain property detailed in the deed formed part of the joint family property. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... cenary properties ? (2) Whether, on the facts and in the circumstances of the case, the Tribunal was justified in holding that the aforesaid separate properties of late Sri Kanhaiya Lal assume the character of coparcenary properties with effect from November 19, 1955, and consequently, were not assessable in the hands of Sri Kanhaiya Lal as individual ?" In R. Subramania Iyer v. Commissioner of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... in the partition deed that the assessee had been earning commission and acquiring properties and he was blending his money with the assets inherited from his father and treating the entire properties before and after the birth of the sons, as joint family property. It was held that there was no direct or indirect transfer of assets to the minor children by the assessee within the meaning of sectio ..... X X X X Extracts X X X X X X X X Extracts X X X X
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