https://www.taxtmi.com/caselaws?id=21497 A partner's declaration impressing his one-sixth share in a partnership firm with the character of joint family property was treated as valid in law. Following its earlier view in similar references concerning other partners of the same firm, the Delhi High Court accepted that a partner may convert his share into Hindu undivided family property, with the consequence that income attributable to that share belongs to the HUF rather than the individual partner. The resulting income was therefore not assessable in the assessee's individual hands, and the issue was answered in favour of the assessee. en-us Mon, 24 Feb 1992 00:00:00 +0530 Tue, 24 Nov 2009 17:41:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21497 A partner's declaration impressing his one-sixth share in a partnership firm with the character of joint family property was treated as valid in law. Following its earlier view in similar references concerning other partners of the same firm, the Delhi High Court accepted that a partner may convert his share into Hindu undivided family property, with the consequence that income attributable to that share belongs to the HUF rather than the individual partner. The resulting income was therefore not assessable in the assessee's individual hands, and the issue was answered in favour of the assessee. Case-Laws Income Tax Mon, 24 Feb 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21497