Krishan Devi mother of the appellant also had a house which
also devolved to the assessee who gave it on lease ( copy of rent
agreement ... assessee, House No. 18-A, Shastri Nagar, Jammu was also devolved on the
assessee, which was valued more than one crore and the assessee alongwith
dissolve the board, then the properties, funds, debts, etc. of the
board devolve thereafter upon the state govt. Till the time of such
dissolution ... further clarifies that
only upon its dissolution its assets, funds and liabilities devolve
upon the State Government. Necessarily therefore, before its
dissolution, its assets, funds
that even facts need
verification when the AO has himself accepted the devolvement of the
property by way of gift on the assessee ... 2012 9
manner in which the property of the assessee has devolved upon the
assessee has been accepted by the AO himself. This fact would
assessee had invested in share, mostly in the subsidiary companies
which was devolved on demerger and a paltry sum was invested in the
equity shares ... that
the shares which have been invested in the subsidiary companies were
devolved through demerger of the said company and the assessee has
not made
Devendra Swaroop Saksena vs Union Of India Through Its Secretary on 19 December, 2014
Central
proposal or is a party to the decision, the responsibility would also devolve upon him. We have not come across anywhere that the Director General
after
its development. Clause 4.1 provides
that the seller shall try to devolve the ownership of the unit upon purchaser
within 24 months from
Sudhir Sareen, New Delhi vs Department Of Income Tax on 15 September, 2014
IN THE
2012
In this case, the management of the endowment had devolved
upon the Mahant in the tradition from Guru to Chela and no
accession ... merely its administrator.
In the case of the assessee, no such devolving of Gaddi has
been claimed. No evidence has been brought on record that
from the estate of the father which devolved
I.T.A Nos. 981-985 & 1034-1038/Ahd/2009
