https://www.taxtmi.com/caselaws?id=57369 A partial partition among members of a larger HUF was recognised where the arrangement severed joint status and defined shares, even though one family asset remained undivided. Under Mitakshara principles, partition can be complete in law upon severance and specification of shares without division by metes and bounds. The later deeds showed that the one-eighth share was divided inter se among the father and his two sons, so it ceased to form part of the smaller HUF's property. Section 20 of the Wealth-tax Act applies only to a complete partition of the family property as a whole, not to a partial partition, and the assets were therefore not includible in the smaller HUF's net wealth. en-us Sat, 30 Apr 1983 00:00:00 +0530 Thu, 09 Dec 2010 17:49:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57369 A partial partition among members of a larger HUF was recognised where the arrangement severed joint status and defined shares, even though one family asset remained undivided. Under Mitakshara principles, partition can be complete in law upon severance and specification of shares without division by metes and bounds. The later deeds showed that the one-eighth share was divided inter se among the father and his two sons, so it ceased to form part of the smaller HUF's property. Section 20 of the Wealth-tax Act applies only to a complete partition of the family property as a whole, not to a partial partition, and the assets were therefore not includible in the smaller HUF's net wealth. Case-Laws Wealth-tax Sat, 30 Apr 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57369