Distribution of fixed asset

Keshav Kumar Saxena (Querist) 25 December 2008 This query is : Resolved
Dear Sir,

Kindly help me in knowing whether a head of HUF is in power to square off asset like land and house of the family favoring others leaving any member of family without benefit of that and if the the member is standing separately now.

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Rajesh Kumar (Expert) 26 December 2008
No. The karta has no such power.

J K Agrawal (Expert) 26 December 2008
Karta can transfer property but only for the gross benefit of the family with bonafide intention and good faith.

Hiralal Das (Expert) 05 April 2009
I do agree with the valuable opinions of the learned members. Thanks all of you.

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