1998 (12) TMI 16 - HC - Income Tax

Summary

The High Court of Madras held that the income of a minor married daughter can be clubbed with that of the parent under section 64(1)(iii) of the Income-tax Act, 1961. The court emphasized that the marital status of the minor is irrelevant for tax purposes. The judgment aligns with the legislative intent of the Income-tax Act to tax the income of a minor admitted to partnership benefits in the hands of the parent. The decision was in favor of the Revenue and against the assessee.