https://www.taxtmi.com/caselaws?id=276161 Disruption of a Hindu joint family does not automatically discontinue a family business; the question depends on whether the business in substance continued after partition. On the facts described, the father retained the account books, carried on the business under the old name and style, and kept the right to realise outstanding dues, showing continuation of the old business. The sons' separation and receipt of some assets did not by itself establish cessation. The matter was therefore treated as falling under section 26 rather than section 25(3) of the Income-tax Act, 1922, with the reference answered against the assessee. en-us Mon, 07 Jan 1929 00:00:00 +0530 Thu, 01 Nov 2018 11:14:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=276161 Disruption of a Hindu joint family does not automatically discontinue a family business; the question depends on whether the business in substance continued after partition. On the facts described, the father retained the account books, carried on the business under the old name and style, and kept the right to realise outstanding dues, showing continuation of the old business. The sons' separation and receipt of some assets did not by itself establish cessation. The matter was therefore treated as falling under section 26 rather than section 25(3) of the Income-tax Act, 1922, with the reference answered against the assessee. Case-Laws Income Tax Mon, 07 Jan 1929 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=276161