https://www.taxtmi.com/caselaws?id=174758 In partition proceedings, an indivisible house may be allotted to one group of sharers and the others compensated by owelty where physical division is impracticable. The discussion explains that this equitable mode of partition is not confined to a mechanical application of the Partition Act when only part of the property is indivisible. It also states that owelty for a sharer's interest must be based on the present market value of that share in the partition proceedings, not on an earlier amount fixed in a separate family arrangement. The result is an equitable adjustment intended to complete partition and reduce further litigation. en-us Tue, 29 Mar 1988 00:00:00 +0530 Mon, 19 Oct 2015 12:59:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=174758 In partition proceedings, an indivisible house may be allotted to one group of sharers and the others compensated by owelty where physical division is impracticable. The discussion explains that this equitable mode of partition is not confined to a mechanical application of the Partition Act when only part of the property is indivisible. It also states that owelty for a sharer's interest must be based on the present market value of that share in the partition proceedings, not on an earlier amount fixed in a separate family arrangement. The result is an equitable adjustment intended to complete partition and reduce further litigation. Case-Laws Indian Laws Tue, 29 Mar 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=174758