interest of the deceased karta in the Mitakshara coparcenary property had to devolve by testamentary or intestate succession and not by survivorship. It was submitted ... deeming a notional partition immediately before his death would have-to devolve on his heirs as per the Hindu Succession Act . It was vehemently argued
part of an underwriter to honour its obligation to subscribe to devolved securities and
(ii) the resultant claim for damages.
Are integral part of normal ... Commissioner (Appeals)-II, Mumbai erred in holding that:
(a) Not subscribing to devolved security is not normal activity of underwriting business:
(b) The payment
death 1/3rd share in the property of the Hindu undivided family devolved on his legal heirs in terms of proviso to Section ... Manilal [1973] 90 ITR 289, for the proposition that the property that devolved on the legal heirs was a specific share in definite ascertained properties
provisions of section 37(1) of the Act of
devolvement of SBLC of Rs. 30.98 crores considering capital loss and not
revenue loss in nature ... tests made by TPO/AO
for determining nature of transaction related to devolvement of SBLCs
amounting to Rs. 30.96 crores)
17. The Assessing Officer
Parvathavardhani Ammal in February 1998, all her 9.081 shares of TWEL devolved on her husband in accordance with the provisions of her Will. S. Sivaramakrishna ... Parvathavardhani Ammal in February 1998, all her 32.492 equity shares of TPPL devolved on her husband in accordance with her Will. S. Sivaramakrishna Aiyer passed
considered as belonging to His Highness, the Maharaja of Cochin, and will devolve intact on his successors.
3. The Assistant Controller did not accept these ... These properties are considered as the private properties of the Maharaja and devolved on his successor. The decision of the Supreme Court
Debt' owed to the `Appellant', on account of the
`Devolvement of Letter of Credits' in their (i) Balance Sheets
(ii) Financial Statements ... Return for the year 2017-2018
(F) The Respondent had admitted the `Devolvement of Letter of
Credits', in their Letter dated 03.11.2016, stating
death made a will dated 21-4-1969 vide which he devolved his interest in the HUF property which was to devolve ... death intestate, her interest in the family properties would pass and devolve by succession on her heirs to that extent it would be required
well as house at Rajahmundry. The Assistant Controller" valued the estate devolved upon the accountable person on the death of Smt. Manyam Meenakshamma wife ... will dated 23-7-1949 only half of the properties would devolve in view of the provisions of the Hindu Women's Right
Shri Appayyanna died. His share of the property devolved on his widow Eeramma and his son Mayanna. Mayanna filed return of wealth declaring half ... interest in a Mitakshara coparcenary property, his interest in the property shall devolve by survivorship upon the surviving members of the coparcenary
