minor's property. It clearly excludes his or her undivided interest in joint family property. Similarly, Section 12 clearly provides that guardian ... appointed for minor's undivided interest in joint Hindu family property. It reads as under:
Where a minor has undivided interest in joint family
PEPL shall be entitled to exercise its rights over the
proportionate undivided interest in land that it is eligible to without waiting
for the Assessee ... owners constructed area ready for delivery to the Assessee. Further the
undivided interest in land which PEPL is entitled to convey is restricted to
only
HUF or coparcenary. Accordingly, we hold that she had l/4th share in the HUF property and also share in the interest of her deceased ... there was no question of any interest devolving by succession. Therefore the deceased had no interest in the HUF estate
coparcener in the bigger HUF of Shri H.L. Malhotra. By birth he acquired an undivided coparcenary interest in the properties belonging to the bigger ... smaller HUF did not have any family property until 9-9-1971, how can it be said that the undivided coparcenary interest acquired
claim of deduction u/s.80IB as the amount of
undivided interest of Rs.1,58,90,000/- in the land which was paid ... proper
reply.
10. Coming to the receipt of amount towards undivided interest in
land paid to the vendors, it was contended that
that the assessee acquired a part of commercial complex along with undivided interest in land in the relevant previous year. However, in the schedule ... complex as constructed as of Effective Date, including the undivided interest in the common areas, service areas and facilities appurtenant thereto, admeasuring in aggregate approximately
HUF of any partner, even if for any reason, any partner is a partner representing his HUF and may be accountable to his HUF. Thus ... that monies are brought by the individual and the HUF, interest in that account has to be considered as interest paid to the partner
which PEPL starting exercising the
POA to convey ownership of the undivided interest in the land held as
Stock in Trade & treat only those ... portions of undivided interest in land
which are actually registered in favour of PEPL or its nominees or any third
person for that matter
HUF it was shown that the HUF was the creditor of the firm and on the amounts standing to the credit of the HUF, interest ... interest paid when a person entered the partnership in his individual capacity and the interest was paid to him representing his HUF, was not acceptable
also the right to sell such developed property
along with undivided interest in the land underneath and to receive
payments for such transfers from ... developer for a
consideration, it is obligated to transfer the undivided interest in the
land in favour of developer‟s buyers for which no separate
