https://www.taxtmi.com/caselaws?id=49442 The article explains how a Hindu undivided family partition may amount to a change in the persons carrying on a business for excess profits tax purposes where the old business is discontinued and divided between groups. It also notes that partnerships formed after the partition may be treated as tax-avoidance arrangements if their timing, financing, control, and treatment of the businesses show a dominant purpose of reducing excess profits tax liability. The discussion emphasises that such findings are predominantly factual and will be sustained when supported by evidence on record. en-us Thu, 17 Aug 1961 00:00:00 +0530 Fri, 29 Aug 2014 12:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49442 The article explains how a Hindu undivided family partition may amount to a change in the persons carrying on a business for excess profits tax purposes where the old business is discontinued and divided between groups. It also notes that partnerships formed after the partition may be treated as tax-avoidance arrangements if their timing, financing, control, and treatment of the businesses show a dominant purpose of reducing excess profits tax liability. The discussion emphasises that such findings are predominantly factual and will be sustained when supported by evidence on record. Case-Laws Income Tax Thu, 17 Aug 1961 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49442