https://www.taxtmi.com/caselaws?id=18813 A partner's interest in a partnership firm is transferable property and may be thrown into the common stock of a Hindu undivided family. The Partnership law restriction only limits the transferee's rights against the other partners during the partnership and does not prevent the partner from impressing that interest with HUF character. The possible liability of the family does not change the nature of the interest for this purpose. The Tribunal was therefore correct in holding that the assessee's individual share in the firm could validly become HUF property, and the issue was answered in favour of the assessee. en-us Wed, 17 Feb 1993 00:00:00 +0530 Mon, 02 Nov 2009 11:56:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18813 A partner's interest in a partnership firm is transferable property and may be thrown into the common stock of a Hindu undivided family. The Partnership law restriction only limits the transferee's rights against the other partners during the partnership and does not prevent the partner from impressing that interest with HUF character. The possible liability of the family does not change the nature of the interest for this purpose. The Tribunal was therefore correct in holding that the assessee's individual share in the firm could validly become HUF property, and the issue was answered in favour of the assessee. Case-Laws Income Tax Wed, 17 Feb 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18813