https://www.taxtmi.com/caselaws?id=63136 Joint family property remained with the bigger HUF because the karta's death did not itself disrupt the HUF, and no legally recognised partition had occurred. Jewellery inherited from the deceased Maharani and assets held outside India devolved as individual assets and were assessable in the individual's hands, not as property of the smaller HUF. Wealth-tax arrears were deductible only where the relevant demand notice had been served before the valuation date; the deduction required recomputation under that test. The discussion distinguishes continued HUF ownership from assets received individually through succession. en-us Fri, 04 Apr 1986 00:00:00 +0530 Fri, 28 Jan 2011 10:14:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63136 Joint family property remained with the bigger HUF because the karta's death did not itself disrupt the HUF, and no legally recognised partition had occurred. Jewellery inherited from the deceased Maharani and assets held outside India devolved as individual assets and were assessable in the individual's hands, not as property of the smaller HUF. Wealth-tax arrears were deductible only where the relevant demand notice had been served before the valuation date; the deduction required recomputation under that test. The discussion distinguishes continued HUF ownership from assets received individually through succession. Case-Laws Wealth-tax Fri, 04 Apr 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63136