https://www.taxtmi.com/caselaws?id=70851 The Tribunal dismissed the Revenue's appeal and the assessee's cross-objection as infructuous. It upheld the AAC's order validating the partial partition by the father on behalf of the minor, excluding the investment in the firm from the assessee's net wealth. The Tribunal considered the consent issue for minors in partial partition under Hindu law, concluding that the father's consent as the guardian suffices. The Tribunal also analyzed the applicability of the Hindu Minority and Guardianship Act, determining that it does not affect a minor's undivided interest in joint family property. en-us Thu, 26 Aug 1982 00:00:00 +0530 Tue, 19 Apr 2011 16:45:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70851 The Tribunal dismissed the Revenue's appeal and the assessee's cross-objection as infructuous. It upheld the AAC's order validating the partial partition by the father on behalf of the minor, excluding the investment in the firm from the assessee's net wealth. The Tribunal considered the consent issue for minors in partial partition under Hindu law, concluding that the father's consent as the guardian suffices. The Tribunal also analyzed the applicability of the Hindu Minority and Guardianship Act, determining that it does not affect a minor's undivided interest in joint family property. Case-Laws Wealth-tax Thu, 26 Aug 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70851