https://www.taxtmi.com/caselaws?id=26139 A mere right to appropriate business profits, without physical division of the income-producing capital assets, did not amount to a distinct property capable of partial partition; the family business assets remained intact, so the claimed arrangement failed the statutory concept of partition. Where the Hindu undivided family continued to exist and the right to share profits was jointly held, service of notice on one member was sufficient for revisional proceedings. On both issues, the reasoning favoured the Revenue and the alleged partial partition was not accepted under the Act. en-us Fri, 22 Nov 1985 00:00:00 +0530 Wed, 03 Feb 2010 11:40:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26139 A mere right to appropriate business profits, without physical division of the income-producing capital assets, did not amount to a distinct property capable of partial partition; the family business assets remained intact, so the claimed arrangement failed the statutory concept of partition. Where the Hindu undivided family continued to exist and the right to share profits was jointly held, service of notice on one member was sufficient for revisional proceedings. On both issues, the reasoning favoured the Revenue and the alleged partial partition was not accepted under the Act. Case-Laws Income Tax Fri, 22 Nov 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26139