https://www.taxtmi.com/caselaws?id=8134 The High Court ruled in favor of the assessee Hindu undivided family in a case concerning the validity of a partial partition and the inclusion of profit and interest in their income. The court recognized the validity of the partial partition of Rs. 60,000 claimed by the family, emphasizing that specific assets can be partially divided. Consequently, the profit and interest payments were not considered as income of the family. The High Court rejected both issues referred by the Tribunal, directing the Commissioner of Income-tax to pay the assessee Rs. 200 as costs. en-us Thu, 17 Dec 1970 00:00:00 +0530 Sat, 28 Mar 2009 19:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8134 The High Court ruled in favor of the assessee Hindu undivided family in a case concerning the validity of a partial partition and the inclusion of profit and interest in their income. The court recognized the validity of the partial partition of Rs. 60,000 claimed by the family, emphasizing that specific assets can be partially divided. Consequently, the profit and interest payments were not considered as income of the family. The High Court rejected both issues referred by the Tribunal, directing the Commissioner of Income-tax to pay the assessee Rs. 200 as costs. Case-Laws Income Tax Thu, 17 Dec 1970 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8134