https://www.taxtmi.com/caselaws?id=28995 An unequivocal partition of a specific HUF asset is complete in Hindu law once the coparceners' shares are defined and one member relinquishes his interest, even without division by metes and bounds. On those facts, the Saraspur property ceased to belong to the four-member HUF after the 5 June 1969 deed. As the property had already gone out of the HUF before sale, capital gains arising from its later transfer could not be assessed in the hands of the erstwhile HUF merely because the family continued in respect of other assets. en-us Thu, 26 Feb 1981 00:00:00 +0530 Wed, 10 Mar 2010 10:37:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28995 An unequivocal partition of a specific HUF asset is complete in Hindu law once the coparceners' shares are defined and one member relinquishes his interest, even without division by metes and bounds. On those facts, the Saraspur property ceased to belong to the four-member HUF after the 5 June 1969 deed. As the property had already gone out of the HUF before sale, capital gains arising from its later transfer could not be assessed in the hands of the erstwhile HUF merely because the family continued in respect of other assets. Case-Laws Income Tax Thu, 26 Feb 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28995