https://www.taxtmi.com/caselaws?id=292469 Where a Hindu undivided family has separated and the same individuals immediately form a firm, the arrangement is not treated as a succession within Section 26(2) of the Income-tax Act. The Bombay High Court's stated view is that, after an order under Section 25A(1), the income of the former joint family must be assessed as the income of the erstwhile Hindu undivided family under Section 25A(2), with members liable for their proportionate shares. In that situation, the Income-tax Officer is not bound to entertain an application to register the firm as a registered firm on the footing of succession. en-us Mon, 27 Sep 1937 00:00:00 +0530 Fri, 25 Dec 2020 09:51:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=292469 Where a Hindu undivided family has separated and the same individuals immediately form a firm, the arrangement is not treated as a succession within Section 26(2) of the Income-tax Act. The Bombay High Court's stated view is that, after an order under Section 25A(1), the income of the former joint family must be assessed as the income of the erstwhile Hindu undivided family under Section 25A(2), with members liable for their proportionate shares. In that situation, the Income-tax Officer is not bound to entertain an application to register the firm as a registered firm on the footing of succession. Case-Laws Income Tax Mon, 27 Sep 1937 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=292469