https://www.taxtmi.com/caselaws?id=6708 A partition of Hindu joint family property, including an allotment to a wife entitled to a share on partition, was treated as a division of existing joint rights rather than a transfer by the husband to the wife; the income from that allotment therefore was not taxable as the assessee's income under the transfer-of-assets provision. A notice issued after the relevant financial year was contrary to the statutory timing requirement, but the assessee had filed a valid return before assessment and the assessment was completed on that return, so the defective notice did not vitiate the assessment. The income exclusion was accepted, while the assessment itself was sustained. en-us Wed, 06 Jul 1966 00:00:00 +0530 Sun, 01 Feb 2009 11:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=6708 A partition of Hindu joint family property, including an allotment to a wife entitled to a share on partition, was treated as a division of existing joint rights rather than a transfer by the husband to the wife; the income from that allotment therefore was not taxable as the assessee's income under the transfer-of-assets provision. A notice issued after the relevant financial year was contrary to the statutory timing requirement, but the assessee had filed a valid return before assessment and the assessment was completed on that return, so the defective notice did not vitiate the assessment. The income exclusion was accepted, while the assessment itself was sustained. Case-Laws Income Tax Wed, 06 Jul 1966 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=6708