Section 17 - Amendment of section 64 - Taxation Laws (Amendment) Act, 1984

17. Amendment of section 64. In section 64 of the Income-tax Act, in sub-section (1), (a) in clause (vi), the word and shall be omitted; (b) in clause (vii), for the words or both. , the words or both; and shall be substituted: (c) after clause (vii), the following clause shall be inserted, namely: (viii) to any person or association of persons from assets transferred directly or indirectly on or after the 1st day of June, 1973, otherwise than for adequate consideration, to the person or association of persons by such individual, to the extent to which the income from such assets is for the immediate or deferred benefit of his son s wife or son s minor child or both. .