nature to justify the claim of the
assessee that the amount was devolved on the assessee due to the wishes
of late brother. No written ... cash introduced
does not match with the bifurcation of the amount devolved. Fourthly,
the alternative to WILL in the form of affidavit of purported legal
said Shri A.Anjan expired in April, 2006 and the property devolved to
his mother Smt.Sethu, Wife Smt.Indu, daughter Smt.Drishya Bhavani ... assessees
the benefit of indexation on the ground that the property devolved on the
assessee in 2006. It was a submission that on appeal
apply to a
case where, on account of death, the right devolves upon the
heir of the deceased lessee [Narayanan Ainhrenthiri v Sinaha
partition in the family at any point of time. The property
devolved to the assessee is his individual capacity.
4.2 After rejecting the above claims
Ito (E) 1(1), Mumbai vs Bharat Diamond Bourse, Mumbai on 30 March, 2017
आयकर
considering all these aspects, there was no risk of the guarantee devolving
on the assessee for payment. For all the said reasons, it is sought ... worth of the associated enterprise itself and, therefore, the risk of
devolvement of the guarantee given by the assessee is minimal. In our
considered opinion
amounts
have been received from customers over and above the title already
devolved to the customers. As seen from the computation of
percentage of work ... after development of roads and other basis amenties, significant
risks and rewards devolve to the customer once he pays a substantial
amount against the agreed
assets of the parent Babu Ram & Sons HUF
automatically devolved upon the assessee HUF. The Ld. counsel has
further explained regarding the discrepancy ... declarer. The assessee has also duly explained that the said assets
have devolved upon the assessee HUF on the death of Smt. Dayawanti Jain,
mother
steamer agent with the risk of non-usage of the procured space devolving on the appellant. By no stretch is this assumption of risk within
challenged the
validity of the Will under which the property had devolved
upon the appellants. By virtue of an order passed in the suit
filed
