https://www.taxtmi.com/caselaws?id=66236 A family arrangement that allotted fixed deposits and cash to minor daughters while the remaining family assets continued to be held jointly was treated as a partial partition for income-tax purposes. Because the daughters were made to renounce further claims in the family property, and the arrangement was inconsistent with the coparcenary position recognised in Andhra Pradesh, it was not accepted as a valid partition under the Act. The interest earned on the fixed deposits therefore remained assessable in the hands of the specified HUF. en-us Mon, 30 Jun 2003 00:00:00 +0530 Tue, 22 Feb 2011 17:42:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66236 A family arrangement that allotted fixed deposits and cash to minor daughters while the remaining family assets continued to be held jointly was treated as a partial partition for income-tax purposes. Because the daughters were made to renounce further claims in the family property, and the arrangement was inconsistent with the coparcenary position recognised in Andhra Pradesh, it was not accepted as a valid partition under the Act. The interest earned on the fixed deposits therefore remained assessable in the hands of the specified HUF. Case-Laws Income Tax Mon, 30 Jun 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66236