https://www.taxtmi.com/caselaws?id=27822 The High Court analyzed the provisions of section 4(1A) of the Wealth Tax Act regarding the treatment of converted properties belonging to a Hindu undivided family (HUF). The court clarified that the value of the converted property falling to the share of the assessee on notional partition is assessable in the hands of the assessee as an individual and not as an HUF. The court emphasized the method of determining the individual's interest in the converted property and ruled in favor of assessing the value in the hands of the individual, not the family. en-us Thu, 05 Jul 1984 00:00:00 +0530 Tue, 16 Feb 2010 12:36:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27822 The High Court analyzed the provisions of section 4(1A) of the Wealth Tax Act regarding the treatment of converted properties belonging to a Hindu undivided family (HUF). The court clarified that the value of the converted property falling to the share of the assessee on notional partition is assessable in the hands of the assessee as an individual and not as an HUF. The court emphasized the method of determining the individual's interest in the converted property and ruled in favor of assessing the value in the hands of the individual, not the family. Case-Laws Wealth-tax Thu, 05 Jul 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27822