https://www.taxtmi.com/caselaws?id=56758 A partial partition of Hindu undivided family property, limited to one asset while the family continued in respect of other properties, does not sever joint family status and therefore falls outside section 20 of the Wealth-tax Act, 1957. The Tribunal applied the settled distinction between complete and partial partition and treated section 20 as operating only where the joint family itself is disrupted, on the same footing as section 25A of the Indian Income-tax Act, 1922. It also noted that section 20A, introduced later, did not govern a partition completed long before the relevant cut-off date. As the shares had already ceased to belong to the HUF on the valuation dates, their value was not includible in the HUF's wealth assessments. en-us Thu, 03 Jan 1985 00:00:00 +0530 Mon, 06 Dec 2010 16:11:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56758 A partial partition of Hindu undivided family property, limited to one asset while the family continued in respect of other properties, does not sever joint family status and therefore falls outside section 20 of the Wealth-tax Act, 1957. The Tribunal applied the settled distinction between complete and partial partition and treated section 20 as operating only where the joint family itself is disrupted, on the same footing as section 25A of the Indian Income-tax Act, 1922. It also noted that section 20A, introduced later, did not govern a partition completed long before the relevant cut-off date. As the shares had already ceased to belong to the HUF on the valuation dates, their value was not includible in the HUF's wealth assessments. Case-Laws Wealth-tax Thu, 03 Jan 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56758