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TMI Blog1985 (7) TMI 134X X X X Extracts X X X X X X X X Extracts X X X X ..... ation of jewellery the accountable person claimed that the valuation should be based on the rates given by the Jewellers Association whereas the authorities below have taken the rate as on 31st Dec., 1979 as the basis. After hearing the Revenue, we see no reason why the rate as on date of death as certified by Jewellers Association should be ignored. We, therefore, direct that the jewellery should ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... viously incorrect because of the very terms of s. 34(1) (c) read with s. 5 which imposes a charge on the principal value which necessarily includes the share of lineal descendants which is to be aggregated in the principal value. 5. The last contention was that while aggregating the share of the lineal descendants, the share falling to the wives of the sons should be excluded. It is pointed out ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on of the Supreme Court. In the case of Gurupad Khandappa Magdum vs. Hirabai Knandappa Magdum and Other (1981) 129 ITR 440 (SC), the Supreme Court held that under Explanation 1 to s. 6 of the Hindu Succession Act, what is required to be assumed is that a partition had, in fact, taken place and that fact must permeate the entire process of ascertainment of the ultimate share of the heirs, through a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... th" closely follows the wording in Explanation 1 to s. 6 of the Hindu Succession Act which is "if a partition (of the property) has taken place immediately before his death". In our opinion, therefore, the partition referred to in both these enactment's must, as observed by the Supreme Court, be a total partition. In such a total partition, the shares of the wives of the sons must also be provided ..... X X X X Extracts X X X X X X X X Extracts X X X X
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