https://www.taxtmi.com/caselaws?id=66110 Partition of the Hindu undivided family was recognised for tax purposes because the finding under section 171 of the Income-tax Act, 1961 had already been accepted in earlier income-tax and wealth-tax proceedings and had attained finality. The Tribunal held that once an appellate authority accepts partition, that determination displaces the assessing authority's contrary view unless it is set aside by a competent authority. It also noted that the Revenue's reliance on metes-and-bounds requirements was unhelpful where physical division and separate enjoyment of properties had been found, and that an unequal or partial partition remains valid. The family was treated as having ceased to exist on the relevant valuation dates, so the wealth-tax assessments were unsustainable. en-us Mon, 25 Nov 1991 00:00:00 +0530 Mon, 21 Feb 2011 15:55:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66110 Partition of the Hindu undivided family was recognised for tax purposes because the finding under section 171 of the Income-tax Act, 1961 had already been accepted in earlier income-tax and wealth-tax proceedings and had attained finality. The Tribunal held that once an appellate authority accepts partition, that determination displaces the assessing authority's contrary view unless it is set aside by a competent authority. It also noted that the Revenue's reliance on metes-and-bounds requirements was unhelpful where physical division and separate enjoyment of properties had been found, and that an unequal or partial partition remains valid. The family was treated as having ceased to exist on the relevant valuation dates, so the wealth-tax assessments were unsustainable. Case-Laws Wealth-tax Mon, 25 Nov 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66110