Income from property inherited to son in case of HUF ::

Court :
High Court

Brief :
The property of the father inherited by his son, assessed in his individual capacity and not as karta of the HUF.Hence, income from such property belonged to the assessee.

Citation :
Dr.H.N.Mehrotra Vs. C.I.T

Income from property inherited to son in case of HUF Dr.H.N.Mehrotra Vs. C.I.T 1/2/2005 (2005) 276 ITR 158 (Allahabad) Case Fact: Whether the income from house property inherited by son from his father,belonged to the assessee in his individual capacity or in the status of HUF. Decision: Held by the Hon'ble court that,as per section 8 of the Hindu Succession Act, the property of the father inherited by his son, assessed in his individual capacity and not as karta of the HUF.Hence, income from such property belonged to the assessee.

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Judgement posted by

CA.Saibaburao Nanduri

Chartered Accountant

I am a commerce graduarte of Andhra University. Studied at HINDU COLLEGE, Guntur. Became FCA and started Practice under the name and style of M/s SAIBABU RAO CO I became Chairman of CA Institute, Guntur Branch, during the year 2008-09 My post qualifications are: Information Systems Audit DISA (ICAI) ... Read more

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