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of <h1>Court rules minor sons' share income in partnership firm included in parent's total income under Income-tax Act</h1> <h3>Commissioner Of Income-Tax Versus KR. Natarajan</h3> Commissioner Of Income-Tax Versus KR. Natarajan - [1999] 236 ITR 402 The High Court of Madras ruled that the share income of minor sons admitted to a partnership firm must be included in the total income of the assessee parent under section 64(1)(iii) of the Income-tax Act, 1961. This decision was based on a previous case law and the relevant amendment to the Act. The court answered the question of law in favor of the Revenue.
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