https://www.taxtmi.com/caselaws?id=284825 A partial partition of a Hindu undivided family's interest in a partnership can be evidenced by entries in the family books dividing the capital into equal shares and crediting the members accordingly; division by metes and bounds is not necessary for such an asset. The absence of matching entries in the firm's books does not negate the partition, because the sons do not become partners merely by reason of the family partition and the karta's continued participation is no longer in a representative capacity. Once the interest is divided, the resulting share income is assessable in the hands of the divided members, not the undivided family. en-us Tue, 11 Sep 1962 00:00:00 +0530 Thu, 12 Dec 2019 15:10:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=284825 A partial partition of a Hindu undivided family's interest in a partnership can be evidenced by entries in the family books dividing the capital into equal shares and crediting the members accordingly; division by metes and bounds is not necessary for such an asset. The absence of matching entries in the firm's books does not negate the partition, because the sons do not become partners merely by reason of the family partition and the karta's continued participation is no longer in a representative capacity. Once the interest is divided, the resulting share income is assessable in the hands of the divided members, not the undivided family. Case-Laws Income Tax Tue, 11 Sep 1962 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=284825