1989 (4) TMI 65 - HC - Income Tax

Summary

The High Court of Punjab and Haryana ruled in favor of the assessee in a case involving the partition of a Hindu undivided family without assets but burdened with debts. The court held that partial partition can occur without any property or assets to divide among family members, as per the Explanation to section 171 of the Income-tax Act, 1961. The court answered the question in the affirmative, in favor of the assessee.