Three bothers inherited a property on demise of their father. A part of this land was acquired by the Stat Govt. and compensation was paid Revenue sought to tax the same in their states as "Association of person". Apex court held that the income from asset inherited by the legal heirs is taxable in their individual hands and not in the status of AOP — Govind bhai Mamiya (2014) 367 ITR 498 (SC) |