https://www.taxtmi.com/caselaws?id=36548 The High Court upheld the individual assessment status of family members post a recognized partial partition within a Hindu Undivided Family (HUF) for assessment years 1967-68 and 1968-69 under the Income Tax Act, 1961. The Court rejected the revenue's appeal, confirming that each family member should be assessed individually and dismissing claims of a sub-partnership. The judgment emphasized the importance of recognizing partial partitions in HUFs for accurate income assessment and reiterated that partnership arises from contract, not status. en-us Tue, 15 Apr 1980 00:00:00 +0530 Tue, 23 Mar 2010 11:12:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36548 The High Court upheld the individual assessment status of family members post a recognized partial partition within a Hindu Undivided Family (HUF) for assessment years 1967-68 and 1968-69 under the Income Tax Act, 1961. The Court rejected the revenue's appeal, confirming that each family member should be assessed individually and dismissing claims of a sub-partnership. The judgment emphasized the importance of recognizing partial partitions in HUFs for accurate income assessment and reiterated that partnership arises from contract, not status. Case-Laws Income Tax Tue, 15 Apr 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36548