https://www.taxtmi.com/caselaws?id=24533 The High Court affirmed that the liability determined under section 132(5) of the Income-tax Act was not the actual tax liability, supporting the Tribunal's decision. Additionally, the Court agreed with the Tribunal that there was no partition of the joint family as claimed by the assessee, citing the lack of physical division of assets and the unregistered deed of family settlement. Consequently, the Court ruled against the assessee on both issues, directing each party to bear their own costs in the reference. en-us Tue, 20 Sep 1988 00:00:00 +0530 Wed, 20 Jan 2010 17:22:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24533 The High Court affirmed that the liability determined under section 132(5) of the Income-tax Act was not the actual tax liability, supporting the Tribunal's decision. Additionally, the Court agreed with the Tribunal that there was no partition of the joint family as claimed by the assessee, citing the lack of physical division of assets and the unregistered deed of family settlement. Consequently, the Court ruled against the assessee on both issues, directing each party to bear their own costs in the reference. Case-Laws Income Tax Tue, 20 Sep 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24533