https://www.taxtmi.com/caselaws?id=57449 Reassessment based on a later High Court ruling validating a Hindu undivided family reunion may be initiated where that ruling provides information indicating escaped income. Extended limitation applies only when an earlier finding or direction directly supports assessment of identified income in the hands of the relevant taxpayer for the relevant year; a permissive observation does not suffice. Accordingly, reopening for the first affected year was confined to income from properties contributed to the common hotchpot, while later time-barred years could not be reopened. An assessed Hindu undivided family remains taxable until a total partition is formally recorded; partial partition requires exclusion of income from partitioned properties in surviving reassessments. en-us Mon, 20 Aug 1990 00:00:00 +0530 Fri, 10 Dec 2010 12:16:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57449 Reassessment based on a later High Court ruling validating a Hindu undivided family reunion may be initiated where that ruling provides information indicating escaped income. Extended limitation applies only when an earlier finding or direction directly supports assessment of identified income in the hands of the relevant taxpayer for the relevant year; a permissive observation does not suffice. Accordingly, reopening for the first affected year was confined to income from properties contributed to the common hotchpot, while later time-barred years could not be reopened. An assessed Hindu undivided family remains taxable until a total partition is formally recorded; partial partition requires exclusion of income from partitioned properties in surviving reassessments. Case-Laws Income Tax Mon, 20 Aug 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57449