Agricultural property registered in mothers name by husband out of his own earnings

Hi Team, 1.Agricultural property registered in mothers name by husband out of his own earnings. Now mother died in 2021 without any will/gift. Now father got transferred the same property into his name without any consent/signature from his 2 children i.e one son and one daughter. 2. Is this agricultural land becomes father's self occupied properties or both Son and daughter have the equal rights as ancestral property as mother died without any gift deed/will? 3. If father wants to prove that this property is purchased from the money that he as earned and hence it is his own self…

► Read Answer

  Property received on inheritance

Assessee is an individual and is an illegitimate child. Assessee received certain movable and immovable properties after the death of his father, who dies with out will. AO has given the Show cause as to why these amounts is not taxable under Income Tax? Whether the SCN is legally valid? Whether the amount received by assessee is taxable because assessee is illegitimate child? Is there any judicial decision to support assessee, about non taxability of amount received by assessee.

► Read Answer