Income Tax Officer vs Smt. N.K. Sarada Thampatty
Whether a preliminary decree of partition or mere severance of status under Hindu law constitutes 'partition' under Section 171 of the Income Tax Act, 1961 for disrupting HUF status for tax assessment purposes --- Held No, as Section 171 requires actual physical division of property by metes and bounds, and mere severance of status or preliminary decree is insufficient.
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