1994 (3) TMI 26 - HC - Income Tax

HUF Income, HUF Partner In Firm, Inclusions In Total Income, Income Of HUF, Income Tax Act, Minor Child

Summary

The High Court of Madras ruled on tax cases involving the inclusion of spouse's income and minor children's income from a partnership firm in the assessee's total income. The court held that the spouse's income should not be added to the assessee's total income, citing a Supreme Court decision. However, the minor children's income from partnership benefits should be included in the assessee's total income under section 64(1)(iii) of the Income-tax Act, even if the parent is not a partner in the firm. The court disposed of the tax cases with no costs.