https://www.taxtmi.com/caselaws?id=70351 The case involved the interpretation of Section 171(9) of the Income-tax Act, 1961, and Section 20A of the Wealth-tax Act, 1957, regarding the treatment of assets and income from partial partitions in a Hindu Undivided Family (HUF). The Judicial Member opined that income and assets from partial partitions should not be included in the HUF's total income or net wealth, emphasizing the absence of a deeming provision. However, the Accountant Member and Third Member disagreed, holding that the income and assets should be assessed as part of the HUF's total income and net wealth to prevent tax avoidance. Ultimately, the majority view prevailed, allowing the revenue's appeals and setting aside the AAC's orders. en-us Tue, 10 May 1983 00:00:00 +0530 Fri, 15 Apr 2011 17:11:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70351 The case involved the interpretation of Section 171(9) of the Income-tax Act, 1961, and Section 20A of the Wealth-tax Act, 1957, regarding the treatment of assets and income from partial partitions in a Hindu Undivided Family (HUF). The Judicial Member opined that income and assets from partial partitions should not be included in the HUF's total income or net wealth, emphasizing the absence of a deeming provision. However, the Accountant Member and Third Member disagreed, holding that the income and assets should be assessed as part of the HUF's total income and net wealth to prevent tax avoidance. Ultimately, the majority view prevailed, allowing the revenue's appeals and setting aside the AAC's orders. Case-Laws Income Tax Tue, 10 May 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70351