Property Purchased in 1943 in Partner’s Name Not HUF Asset Merely on Admission in Estate Duty Proceedings: Allahabad HC

The Allahabad High Court has dismissed an appeal seeking to halt construction and sale of a disputed property, ruling that a property purchased in 1943 in the name of an individual cannot be presumed to be a Hindu Undivided Family (HUF) asset solely based on an admission made in estate duty proceedings. The Court held

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