https://www.taxtmi.com/caselaws?id=173320 The article addresses succession to a Hindu joint family business under Section 26(2), clarifying that legal succession requires takeover and continuous carrying on of the predecessor's business as a whole; mere acquisition of part of family assets or operating portions of divided undertakings after partition does not satisfy the succession test. Applying this principle, the factual scenario of a partitioned family concern, a member establishing a separate money lending venture, and others conducting only parts of former undertakings lacks the necessary continuity and whole-business succession, thus negating succession under the provision. en-us Tue, 11 Jul 1933 00:00:00 +0530 Sat, 12 Sep 2015 11:57:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=173320 The article addresses succession to a Hindu joint family business under Section 26(2), clarifying that legal succession requires takeover and continuous carrying on of the predecessor's business as a whole; mere acquisition of part of family assets or operating portions of divided undertakings after partition does not satisfy the succession test. Applying this principle, the factual scenario of a partitioned family concern, a member establishing a separate money lending venture, and others conducting only parts of former undertakings lacks the necessary continuity and whole-business succession, thus negating succession under the provision. Case-Laws Income Tax Tue, 11 Jul 1933 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=173320