https://www.taxtmi.com/caselaws?id=277191 Income from a partnership share accrues only when the recipient acquires a legal right to receive it. Here, the karta alone was the partner, while the Hindu undivided family was not itself a partner, and the partnership continued unchanged through the accounting year. Because partnership profits were ascertainable only at year-end and the family had not acquired any direct right to those profits during the year, no part of the calendar year 1955 profits accrued to or was taxable in the hands of the Hindu undivided family. en-us Sun, 17 Apr 1960 00:00:00 +0530 Wed, 28 Nov 2018 14:07:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277191 Income from a partnership share accrues only when the recipient acquires a legal right to receive it. Here, the karta alone was the partner, while the Hindu undivided family was not itself a partner, and the partnership continued unchanged through the accounting year. Because partnership profits were ascertainable only at year-end and the family had not acquired any direct right to those profits during the year, no part of the calendar year 1955 profits accrued to or was taxable in the hands of the Hindu undivided family. Case-Laws Income Tax Sun, 17 Apr 1960 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277191