https://www.taxtmi.com/caselaws?id=17204 The court held that after partition and allotment of separate shares to the wives, the property in the hands of the assessees should be assessed as individual property, not as a Hindu undivided family (HUF). The Tribunal's decision to assess the assessees as HUF was deemed erroneous. The court ruled in favor of the Revenue and against the assessees, concluding that the existence of the HUF ceases when separate shares are allotted to the wife and children, making the property taxable as individual income. en-us Thu, 08 May 1997 00:00:00 +0530 Tue, 15 Sep 2009 18:12:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17204 The court held that after partition and allotment of separate shares to the wives, the property in the hands of the assessees should be assessed as individual property, not as a Hindu undivided family (HUF). The Tribunal's decision to assess the assessees as HUF was deemed erroneous. The court ruled in favor of the Revenue and against the assessees, concluding that the existence of the HUF ceases when separate shares are allotted to the wife and children, making the property taxable as individual income. Case-Laws Income Tax Thu, 08 May 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17204