Delhi High Court: Gifts by Karta to minor sons not void. Income not includible.

The High Court of Delhi ruled in favor of the assessee regarding gifts made by the Karta to his minor sons. The court held the gifts were not void, following a previous apex court decision. The income of Rs. 11,250 was deemed not includible in the assessee's assessment.

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The High Court of Delhi ruled in favor of the assessee in a case involving gifts made by the Karta to his minor sons. The court held that the gifts were not void in law, based on a previous apex court decision. The Income of Rs. 11,250 was not includible in the assessment of the assessee.

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