9911796707
TMI Blog1984 (1) TMI 58X X X X Extracts X X X X X X X X Extracts X X X X ..... of the Act, 1961, to answer the following question, namely : " Whether, on the facts and in the circumstances of the case, the Appellate Tribunal was right in law in holding that the assessee's claim for partial partition of the property situated at 18, Golf Links, New Delhi, was neither covered under clause (a)(i) nor under clause (a)(ii) of the Explanation to section 171 ? " The material facts ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the debt due to the HUF against the deposit with M/s. Saling Ram & Co., Jabalpur. In respect of the house property, it was Claimed that the annual income from the property had been divided but there was no physical division of the property to effect actual partition. It was claimed that no physical division of the immovable property was possible because such a division would mean complete loss of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... to them. Hence, this reference at the instance of the assessee. The contention of Shri B. L. Nema, learned counsel for the assessee, is that the house property does not admit of a physical division, as shown by producing the opinion of the Government approved valuer and, therefore, by virtue of sub-cl. (ii) of cl. (a) of the Explanation, to s. 171 of the I.T. Act, 1961, it must be held that there ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... at a physical division of the income without a physical division of the property producing income, cannot amount to partition for the purpose of s. 171 of the Act. In the present case, there is a clear finding of fact that the aforesaid house property admits of physical division, which has admittedly not been made. The letter of the Government-approved valuer has not been accepted as sufficient to ..... X X X X Extracts X X X X X X X X Extracts X X X X
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