https://www.taxtmi.com/caselaws?id=62344 Statutory abolition of the Kerala joint Hindu family system meant the Hindu undivided family ceased to exist as a taxable unit before the valuation date, with members holding property as tenants-in-common. Wealth-tax liability could attach only to a family existing as such on the valuation date, and section 20 of the Wealth-tax Act was treated as a machinery provision for partition cases, not a basis to assess a non-existent HUF. On that reasoning, the HUF assessment was invalid and was annulled; the separate addition relating to 25 cents of land as urban land also did not survive and was rejected. en-us Mon, 31 May 1982 00:00:00 +0530 Wed, 19 Jan 2011 13:50:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62344 Statutory abolition of the Kerala joint Hindu family system meant the Hindu undivided family ceased to exist as a taxable unit before the valuation date, with members holding property as tenants-in-common. Wealth-tax liability could attach only to a family existing as such on the valuation date, and section 20 of the Wealth-tax Act was treated as a machinery provision for partition cases, not a basis to assess a non-existent HUF. On that reasoning, the HUF assessment was invalid and was annulled; the separate addition relating to 25 cents of land as urban land also did not survive and was rejected. Case-Laws Wealth-tax Mon, 31 May 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62344