https://www.taxtmi.com/caselaws?id=29368 The High Court ruled in favor of the assessee, determining that the partial partition was valid for tax assessment purposes and that the capital gains from the sale transactions were not taxable in the hands of the Hindu Undivided Family (HUF). The court upheld the validity of the partition deed, emphasizing that the mode of partition through the allocation of sale proceeds was legitimate and sufficient to effect a partition of the joint family property. The court directed the Income Tax Officer to recognize and record the partial partition, concluding the dispute over the tax treatment of the partition and sale transactions. en-us Mon, 16 Feb 1981 00:00:00 +0530 Fri, 12 Mar 2010 13:49:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=29368 The High Court ruled in favor of the assessee, determining that the partial partition was valid for tax assessment purposes and that the capital gains from the sale transactions were not taxable in the hands of the Hindu Undivided Family (HUF). The court upheld the validity of the partition deed, emphasizing that the mode of partition through the allocation of sale proceeds was legitimate and sufficient to effect a partition of the joint family property. The court directed the Income Tax Officer to recognize and record the partial partition, concluding the dispute over the tax treatment of the partition and sale transactions. Case-Laws Income Tax Mon, 16 Feb 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=29368