https://www.taxtmi.com/caselaws?id=57593 The Appellate Tribunal ITAT Bangalore upheld the assessment on the Hindu Undivided Family (HUF) despite a partition occurring on the last day of the previous year. The Tribunal ruled that as per section 20(1) of the Wealth-tax Act, if a partition takes place on the last day of the previous year, the assessment must be made on the HUF for that assessment year. The Tribunal dismissed the appeal, citing a decision by the Gujarat High Court supporting this interpretation of the law and distinguishing a Kerala High Court decision as not applicable to the case. en-us Wed, 28 Apr 1982 00:00:00 +0530 Sat, 11 Dec 2010 10:05:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57593 The Appellate Tribunal ITAT Bangalore upheld the assessment on the Hindu Undivided Family (HUF) despite a partition occurring on the last day of the previous year. The Tribunal ruled that as per section 20(1) of the Wealth-tax Act, if a partition takes place on the last day of the previous year, the assessment must be made on the HUF for that assessment year. The Tribunal dismissed the appeal, citing a decision by the Gujarat High Court supporting this interpretation of the law and distinguishing a Kerala High Court decision as not applicable to the case. Case-Laws Income Tax Wed, 28 Apr 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57593