1944 (1) TMI 20 - HC - Income Tax

Summary

The High Court of Madras ruled that for the purposes of Section 25A of the Income Tax Act, a partition must be deemed to have taken place only when all assets are divided, not when members begin to live separately. In this case, the partition was not deemed to have occurred on 15th October 1938 as important assets were not divided until February 1939. The Commissioner of Income Tax was awarded costs of Rs. 250.