https://www.taxtmi.com/caselaws?id=70584 The Tribunal allowed the appeals in a case involving the assessment of wealth-tax on assets of a Hindu Undivided Family (HUF) after the death of the Karta. The Tribunal held that the wealth-tax assessments on the family members' shares in the HUF assets were not valid due to the absence of a formal partition as required by law. The Tribunal emphasized that without a proper partition by metes and bounds as per the Wealth Tax Act, authorities cannot assess the same wealth both in the hands of the family and the individual members. en-us Sat, 27 Dec 1980 00:00:00 +0530 Mon, 18 Apr 2011 10:47:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70584 The Tribunal allowed the appeals in a case involving the assessment of wealth-tax on assets of a Hindu Undivided Family (HUF) after the death of the Karta. The Tribunal held that the wealth-tax assessments on the family members' shares in the HUF assets were not valid due to the absence of a formal partition as required by law. The Tribunal emphasized that without a proper partition by metes and bounds as per the Wealth Tax Act, authorities cannot assess the same wealth both in the hands of the family and the individual members. Case-Laws Wealth-tax Sat, 27 Dec 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70584