https://www.taxtmi.com/caselaws?id=8818 Property received on partition of a Hindu undivided family is not property acquired by gift or inheritance for section 10(5)(c) of the Income-tax Act, 1922, because partition only divides existing joint family property among members or groups. On written down value under section 10(5)(b), only depreciation actually allowed to the assessee can be deducted; depreciation allowed to the predecessor Hindu undivided family cannot be carried over to the new assessee arising on partition. The stated ratio is that inheritance treatment does not apply on partition, and predecessor depreciation is not deductible against the assessee's actual cost. en-us Thu, 02 Nov 1972 00:00:00 +0530 Tue, 01 Jul 2025 16:48:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8818 Property received on partition of a Hindu undivided family is not property acquired by gift or inheritance for section 10(5)(c) of the Income-tax Act, 1922, because partition only divides existing joint family property among members or groups. On written down value under section 10(5)(b), only depreciation actually allowed to the assessee can be deducted; depreciation allowed to the predecessor Hindu undivided family cannot be carried over to the new assessee arising on partition. The stated ratio is that inheritance treatment does not apply on partition, and predecessor depreciation is not deductible against the assessee's actual cost. Case-Laws Income Tax Thu, 02 Nov 1972 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8818