Court : Income Tax Appellate Tribunal ITAT Hyderabad
Reported in : (1989)31ITD31(Hyd.)
1. Following are the four grounds taken in this appeal preferred by the revenue pertaining to the assessment year 1982-83, in respect of the assessee by status an Individual: (1) On the facts and in the circumstances of the case, the AAC erred in holding that the deed of family arrangement and settlement dated 21-3-1980 as a valid document and that the assessee is assessable only in respect of the income arising from the properties bearing Municipal No. 9-1-145 to 147. (2) The AAC ought to have held that the family arrangement among the assessee, her sons and their families in respect of the subject properties made during the lifetime of the assessee contravenes the directions given in the will dated 24-10-1938 left by the assessee's grandfather and is invalid. (3) The AAC ought to have noticed Smt. Sonabai had no powers to alienate the property, when she herself had only a limited interest whether as part of family settlement or otherwise. (4) On the facts and in the circumstances of...
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