https://www.taxtmi.com/caselaws?id=71582 The Tribunal ruled in favor of the assessee, quashing the CIT's order under section 263 regarding the status of Hindu Undivided Family (HUF) post-partition. The decision emphasized that even after partition, the HUF status can be maintained if the family structure aligns with Hindu law principles. The Tribunal highlighted that the property retains its joint family character post-partition and distinguished between coparcenary and HUF. As there was no demonstrated prejudice to Revenue and legal precedents supported the assessee's claim, the appeal was allowed, and the CIT's order was set aside. en-us Wed, 19 Apr 2000 00:00:00 +0530 Mon, 25 Apr 2011 17:34:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71582 The Tribunal ruled in favor of the assessee, quashing the CIT's order under section 263 regarding the status of Hindu Undivided Family (HUF) post-partition. The decision emphasized that even after partition, the HUF status can be maintained if the family structure aligns with Hindu law principles. The Tribunal highlighted that the property retains its joint family character post-partition and distinguished between coparcenary and HUF. As there was no demonstrated prejudice to Revenue and legal precedents supported the assessee's claim, the appeal was allowed, and the CIT's order was set aside. Case-Laws Income Tax Wed, 19 Apr 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71582