https://www.taxtmi.com/caselaws?id=66309 A partition agreement that divided business capital separately, left other properties joint only for convenience, and required equal sharing of income and losses with separate accounts was treated as effecting severance in status from its date. The remaining movable and immovable properties were therefore held not as continuing joint family property but as assets held by tenants-in-common. On that basis, the deceased's share in those properties was not liable to aggregation under Section 34(1)(c) of the Estate Duty Act, and aggregation was not justified. en-us Sat, 26 Jun 1982 00:00:00 +0530 Wed, 23 Feb 2011 15:15:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66309 A partition agreement that divided business capital separately, left other properties joint only for convenience, and required equal sharing of income and losses with separate accounts was treated as effecting severance in status from its date. The remaining movable and immovable properties were therefore held not as continuing joint family property but as assets held by tenants-in-common. On that basis, the deceased's share in those properties was not liable to aggregation under Section 34(1)(c) of the Estate Duty Act, and aggregation was not justified. Case-Laws Income Tax Sat, 26 Jun 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66309