https://www.taxtmi.com/caselaws?id=292473 Where members of a Hindu undivided family, after partition of family property, continued the former business as a contractual firm, the arrangement fell within Section 26 of the Indian Income-tax Act, 1922, which covers a newly constituted or continued business carried on by another set of persons. Section 25-A applied only to assessment of a joint family after definite partition of its property and did not exhaust cases where the business itself was carried on in a new firm form. On that basis, the partners' shares were not includible in the family assessment under Section 25-A(2), because the assessment had to proceed against the firm under Section 26. en-us Mon, 23 Nov 1936 00:00:00 +0530 Fri, 25 Dec 2020 10:07:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=292473 Where members of a Hindu undivided family, after partition of family property, continued the former business as a contractual firm, the arrangement fell within Section 26 of the Indian Income-tax Act, 1922, which covers a newly constituted or continued business carried on by another set of persons. Section 25-A applied only to assessment of a joint family after definite partition of its property and did not exhaust cases where the business itself was carried on in a new firm form. On that basis, the partners' shares were not includible in the family assessment under Section 25-A(2), because the assessment had to proceed against the firm under Section 26. Case-Laws Income Tax Mon, 23 Nov 1936 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=292473