https://www.taxtmi.com/caselaws?id=27774 The court held that a coparcener's declaration throwing partnership interest into the joint family hotchpot was valid under Hindu law. The Tribunal's decision was upheld, emphasizing that such a declaration could not be ignored for income tax assessment purposes. The court clarified that the investment in a partnership remains individual property until merged with the joint family, making the income derived from it assessable to the Hindu Undivided Family. Precedents from various High Courts supported the ruling, ultimately deciding in favor of the coparcener and against the Revenue, with no costs awarded. en-us Wed, 25 Jul 1984 00:00:00 +0530 Tue, 16 Feb 2010 10:26:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27774 The court held that a coparcener's declaration throwing partnership interest into the joint family hotchpot was valid under Hindu law. The Tribunal's decision was upheld, emphasizing that such a declaration could not be ignored for income tax assessment purposes. The court clarified that the investment in a partnership remains individual property until merged with the joint family, making the income derived from it assessable to the Hindu Undivided Family. Precedents from various High Courts supported the ruling, ultimately deciding in favor of the coparcener and against the Revenue, with no costs awarded. Case-Laws Income Tax Wed, 25 Jul 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27774