https://www.taxtmi.com/caselaws?id=7143 A partial partition of Hindu undivided family properties confined to agricultural lands was held genuine where the properties were actually divided, registry was transferred, and the allotted lands were separately managed and assessed; continued common residence did not by itself make the arrangement a sham or a settlement. The court also held that a statutory limitation period for revision governs the completion of the revisional power, so a suo motu revisional order passed after expiry of that period was time-barred. The impugned revisional order failed on both merits and limitation and was set aside in favour of the assessee. en-us Thu, 06 Jul 1967 00:00:00 +0530 Wed, 11 Feb 2009 17:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7143 A partial partition of Hindu undivided family properties confined to agricultural lands was held genuine where the properties were actually divided, registry was transferred, and the allotted lands were separately managed and assessed; continued common residence did not by itself make the arrangement a sham or a settlement. The court also held that a statutory limitation period for revision governs the completion of the revisional power, so a suo motu revisional order passed after expiry of that period was time-barred. The impugned revisional order failed on both merits and limitation and was set aside in favour of the assessee. Case-Laws Income Tax Thu, 06 Jul 1967 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7143