1996 (3) TMI 51 - HC - Income Tax

Summary

The High Court of Madras ruled that the share income of minor sons from a partnership firm can be included in the parent's assessment under section 64(1)(iii) of the Income-tax Act. The decision applies from the assessment year 1976-77 onwards. The Court also held that the provisions of section 64(1) can be invoked even if the parent has no income of their own.