https://www.taxtmi.com/caselaws?id=15694 The court held that section 20 of the Wealth-tax Act does not apply to cases of partial partition within Hindu undivided families. It supported the Tribunal's decision to assess only half of the disputed amount in the assessee's hands due to the partial partition, emphasizing the inapplicability of section 20 to partial partition scenarios. The judgment ruled in favor of the assessee, upholding the exclusion of the entire compensation amount from taxable wealth. The decision affirmed the Tribunal's ruling against the Revenue, with no costs awarded. en-us Fri, 19 Dec 1997 00:00:00 +0530 Thu, 27 Aug 2009 11:31:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15694 The court held that section 20 of the Wealth-tax Act does not apply to cases of partial partition within Hindu undivided families. It supported the Tribunal's decision to assess only half of the disputed amount in the assessee's hands due to the partial partition, emphasizing the inapplicability of section 20 to partial partition scenarios. The judgment ruled in favor of the assessee, upholding the exclusion of the entire compensation amount from taxable wealth. The decision affirmed the Tribunal's ruling against the Revenue, with no costs awarded. Case-Laws Wealth-tax Fri, 19 Dec 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15694