catchwords: Partition – Assessment – Hindu undivided family -Mandatory recording of Partition u/s. 171.
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Partition – Assessment – Hindu undivided family -Mandatory recording of Partition u/s. 171
As per section 153(1) of the Act, time limit for completion of assessment is December 31, 2019 for assessment year 2017-18. So before this date the Assessing Officer should investigate the claim of partition and give finding. However, according to author, partition should have claimed in the assessment year 2016-17, as partition was on March 31, 2016.