High Court rules share income of minor sons cannot be assessed in individual's hands

The High Court of Madras ruled in favor of the Revenue, stating that the inclusion and assessment of share income of minor sons in the assessee's individual hands was not proper under section 64(1)(iii).

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The High Court of Madras ruled in favor of the Revenue, stating that the inclusion and assessment of share income of minor sons in the assessee's individual hands was not proper under section 64(1)(iii). The decision was based on a previous case law.

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