https://www.taxtmi.com/caselaws?id=7122 A partial partition of Hindu undivided family business is valid when a definite and unequivocal intention to separate is shown; non-division of liabilities is only one relevant circumstance and not a conclusive objection. On the evidence, the business was taken over by the partnership from 1 April 1955, and that factual finding sustained the conclusion that a genuine partnership was constituted. The firm was therefore entitled to registration under section 26A of the Income-tax Act, 1922, and the business income was excluded from the Hindu undivided family. The reference was answered against the Revenue. en-us Thu, 14 Dec 1967 00:00:00 +0530 Tue, 10 Feb 2009 19:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7122 A partial partition of Hindu undivided family business is valid when a definite and unequivocal intention to separate is shown; non-division of liabilities is only one relevant circumstance and not a conclusive objection. On the evidence, the business was taken over by the partnership from 1 April 1955, and that factual finding sustained the conclusion that a genuine partnership was constituted. The firm was therefore entitled to registration under section 26A of the Income-tax Act, 1922, and the business income was excluded from the Hindu undivided family. The reference was answered against the Revenue. Case-Laws Income Tax Thu, 14 Dec 1967 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7122