https://www.taxtmi.com/caselaws?id=61020 A valid partition under section 171 of the Income-tax Act, 1961 was required to be tested by the substance and intended result of the transaction, not by labels alone. A registered document dated 16-12-1969, though described as a gift deed, earmarked shares in joint immovable property for family members and was supported by surrounding facts and statements. Prior acceptance of an earlier partition under section 25A of the 1922 Act, together with the absence of revenue mutation and continued HUF assessment for some time, did not defeat the partition claim. On that factual matrix, the partition had to be accepted and the contrary view of the lower authorities was unsustainable. en-us Sat, 24 Dec 1983 00:00:00 +0530 Mon, 10 Jan 2011 13:51:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61020 A valid partition under section 171 of the Income-tax Act, 1961 was required to be tested by the substance and intended result of the transaction, not by labels alone. A registered document dated 16-12-1969, though described as a gift deed, earmarked shares in joint immovable property for family members and was supported by surrounding facts and statements. Prior acceptance of an earlier partition under section 25A of the 1922 Act, together with the absence of revenue mutation and continued HUF assessment for some time, did not defeat the partition claim. On that factual matrix, the partition had to be accepted and the contrary view of the lower authorities was unsustainable. Case-Laws Income Tax Sat, 24 Dec 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61020