Clubbing of income: business income from assets transferred to spouse or specified relatives included proportionately in transferor's income. Amendment revises clubbing rules by replacing Explanation 3: where assets transferred to a transferee (spouse, minor child, son's wife, son's minor child) are invested by the transferee in a business, the part of the transferee's business income proportionate to the value of the transferred assets as of the first day of the previous year relative to the transferee's total business investment as of that day is included in the transferor's total income.