https://www.taxtmi.com/caselaws?id=19014 The Andhra Pradesh High Court upheld the wealth-tax assessment on a Hindu undivided family despite a claimed partition, ruling in favor of the Revenue. The court emphasized that even if a partition occurred on the valuation date, wealth-tax could still be assessed on the joint family's net wealth as per section 20 of the Wealth-tax Act. The judgment clarified that partition on the valuation date does not absolve the family from wealth-tax liability, affirming the assessment based on the joint family's net wealth. en-us Thu, 02 Feb 1995 00:00:00 +0530 Tue, 03 Nov 2009 13:36:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19014 The Andhra Pradesh High Court upheld the wealth-tax assessment on a Hindu undivided family despite a claimed partition, ruling in favor of the Revenue. The court emphasized that even if a partition occurred on the valuation date, wealth-tax could still be assessed on the joint family's net wealth as per section 20 of the Wealth-tax Act. The judgment clarified that partition on the valuation date does not absolve the family from wealth-tax liability, affirming the assessment based on the joint family's net wealth. Case-Laws Wealth-tax Thu, 02 Feb 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19014