https://www.taxtmi.com/caselaws?id=292447 Credit entries in favour of an assessee's minor children were treated as a transfer of assets under section 16(3)(a)(iv) because the business assets were described as self-acquired property and were never shown to have been clearly impressed with joint family character. A Hindu law partition presupposes joint family property and does not amount to an inter vivos transfer, but a division of separate property cannot be treated as a true partition unless prior blending or conversion into joint family property is established. On the materials, the entries to the wife, daughters and minor children did not prove a genuine partition of joint family assets. en-us Tue, 11 Dec 1962 00:00:00 +0530 Thu, 24 Dec 2020 16:52:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=292447 Credit entries in favour of an assessee's minor children were treated as a transfer of assets under section 16(3)(a)(iv) because the business assets were described as self-acquired property and were never shown to have been clearly impressed with joint family character. A Hindu law partition presupposes joint family property and does not amount to an inter vivos transfer, but a division of separate property cannot be treated as a true partition unless prior blending or conversion into joint family property is established. On the materials, the entries to the wife, daughters and minor children did not prove a genuine partition of joint family assets. Case-Laws Income Tax Tue, 11 Dec 1962 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=292447