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    <title>1998 (4) TMI 54 - MADRAS High Court</title>
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    <description>Property originally self-acquired and later thrown into the joint family hotchpot was validly subjected to a partial partition, under which the assessee received a larger share and his mother received the remaining share. On the stated facts, and consistently with the prior view that the partition relating to the same property was legally valid, the share allotted to the mother could not be treated as the assessee&#039;s asset for wealth-tax purposes. The mother&#039;s share was therefore excluded from the assessee&#039;s net wealth.</description>
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    <pubDate>Mon, 27 Apr 1998 00:00:00 +0530</pubDate>
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      <title>1998 (4) TMI 54 - MADRAS High Court</title>
      <link>https://www.taxtmi.com/caselaws?id=15205</link>
      <description>Property originally self-acquired and later thrown into the joint family hotchpot was validly subjected to a partial partition, under which the assessee received a larger share and his mother received the remaining share. On the stated facts, and consistently with the prior view that the partition relating to the same property was legally valid, the share allotted to the mother could not be treated as the assessee&#039;s asset for wealth-tax purposes. The mother&#039;s share was therefore excluded from the assessee&#039;s net wealth.</description>
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      <pubDate>Mon, 27 Apr 1998 00:00:00 +0530</pubDate>
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