https://www.taxtmi.com/caselaws?id=11388 A notional partition under section 6 of the Hindu Succession Act, 1956 fixes the heir's share but does not by itself dissolve a Hindu undivided family. On the facts, the heirs had accepted distinct one-fourth shares, recorded their names separately and sold their interests individually, so the capital gains were taxable in the hands of the respective co-sharers and not the Hindu undivided family. Because the returns disclosed the material facts and there was no escapement of income in the hands of the Hindu undivided family, reopening under section 148 of the Income-tax Act, 1961 was not sustainable. en-us Thu, 12 Dec 2002 00:00:00 +0530 Fri, 07 Aug 2009 17:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11388 A notional partition under section 6 of the Hindu Succession Act, 1956 fixes the heir's share but does not by itself dissolve a Hindu undivided family. On the facts, the heirs had accepted distinct one-fourth shares, recorded their names separately and sold their interests individually, so the capital gains were taxable in the hands of the respective co-sharers and not the Hindu undivided family. Because the returns disclosed the material facts and there was no escapement of income in the hands of the Hindu undivided family, reopening under section 148 of the Income-tax Act, 1961 was not sustainable. Case-Laws Income Tax Thu, 12 Dec 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11388