https://www.taxtmi.com/caselaws?id=25817 A coparcener may impress self-acquired property, including a partnership interest, with the character of Hindu undivided family property by unilateral declaration under Mitakshara law. That blending is not a transfer in the legal sense contemplated by section 60 read with section 63(b) of the Income-tax Act, because the owner merely renounces separate rights. Once the partnership interest is so blended, only the assessee's own share in the family, here 1/7th, is includible in individual total income; the balance is not assessable in the personal assessment. en-us Tue, 29 Jul 1986 00:00:00 +0530 Mon, 01 Feb 2010 11:05:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25817 A coparcener may impress self-acquired property, including a partnership interest, with the character of Hindu undivided family property by unilateral declaration under Mitakshara law. That blending is not a transfer in the legal sense contemplated by section 60 read with section 63(b) of the Income-tax Act, because the owner merely renounces separate rights. Once the partnership interest is so blended, only the assessee's own share in the family, here 1/7th, is includible in individual total income; the balance is not assessable in the personal assessment. Case-Laws Income Tax Tue, 29 Jul 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25817