Business Standard

Up to 4th line of Hindu descendants can claim share in ancestral wealth

However, assets inherited from one's maternal grandfather are not regarded as ancestral

succession planning, India Inc
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Bindisha Sarang Mumbai
The Supreme Court (SC) recently declared that a Hindu father or the manager of a Hindu Undivided Family (HUF) has the power to make a gift of ancestral property for a ‘pious purpose’, but such an alienation can’t be permitted ‘out of love and affection’.  

A petitioner had filed a suit against his father­ and another person called KC Laxmana for partition and separate possession of his one­-third share in the property, and for a declaration that the gift or settlement deed executed by ­his father in favour of the second defendant­, KC Laxmana, be declared null and void.

Bharat Chugh, former

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