https://www.taxtmi.com/caselaws?id=57401 The Tribunal upheld the validity of a partial partition between two Hindu Undivided Families (HUFs), recognizing the partition under section 171 of the Income-tax Act, 1961. Assessments based on the partition were deemed valid, with entries in the HUF's books considered sufficient for the partition's effect. The Commissioner's attempt to set aside the assessments under section 263 was rejected, as the recognized partition had not been overturned. The Tribunal directed the Income Tax Officer to modify the assessments, ultimately ruling in favor of the validity of the partition and dismissing the Commissioner's actions. en-us Thu, 28 Jun 1984 00:00:00 +0530 Thu, 09 Dec 2010 18:54:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57401 The Tribunal upheld the validity of a partial partition between two Hindu Undivided Families (HUFs), recognizing the partition under section 171 of the Income-tax Act, 1961. Assessments based on the partition were deemed valid, with entries in the HUF's books considered sufficient for the partition's effect. The Commissioner's attempt to set aside the assessments under section 263 was rejected, as the recognized partition had not been overturned. The Tribunal directed the Income Tax Officer to modify the assessments, ultimately ruling in favor of the validity of the partition and dismissing the Commissioner's actions. Case-Laws Income Tax Thu, 28 Jun 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57401