https://www.taxtmi.com/caselaws?id=29365 The High Court of Bombay ruled in favor of the assessee in a case concerning the taxation of share income in a partnership firm post-partition. The court held that income received by the assessee post-partition was subject to an overriding title in favor of other family members, and thus, could not be solely taxed in the hands of the assessee. The judgment emphasized the significance of respecting the agreement among family members regarding income distribution post-partition and ensuring fair tax treatment between individual income and income meant for the joint family. en-us Wed, 14 Jan 1981 00:00:00 +0530 Fri, 12 Mar 2010 13:43:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=29365 The High Court of Bombay ruled in favor of the assessee in a case concerning the taxation of share income in a partnership firm post-partition. The court held that income received by the assessee post-partition was subject to an overriding title in favor of other family members, and thus, could not be solely taxed in the hands of the assessee. The judgment emphasized the significance of respecting the agreement among family members regarding income distribution post-partition and ensuring fair tax treatment between individual income and income meant for the joint family. Case-Laws Income Tax Wed, 14 Jan 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=29365