https://www.taxtmi.com/caselaws?id=49334 Deed recital that assessee had blended self-acquired funds with ancestral family assets and recorded a partition inter partes treats the self-acquired property as assuming joint family character at execution; the deed evidences antecedent blending and availability of properties for partition. Where properties bore joint family character immediately before partition and were thereafter allotted in severalty, there is no operative act by the individual constituting a direct or indirect transfer to minors under section 16(3)(a)(iv). Result: the 19 December 1952 deed did not attract the provision and favors the assessee. en-us Mon, 09 Nov 1964 00:00:00 +0530 Thu, 21 Aug 2014 09:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49334 Deed recital that assessee had blended self-acquired funds with ancestral family assets and recorded a partition inter partes treats the self-acquired property as assuming joint family character at execution; the deed evidences antecedent blending and availability of properties for partition. Where properties bore joint family character immediately before partition and were thereafter allotted in severalty, there is no operative act by the individual constituting a direct or indirect transfer to minors under section 16(3)(a)(iv). Result: the 19 December 1952 deed did not attract the provision and favors the assessee. Case-Laws Income Tax Mon, 09 Nov 1964 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49334