Introducing the “In Favour Of” filter in Case Laws.
- ⚖️ Instantly identify judgments decided in favour of the Assessee, Revenue, or Appellant
- 🔍 Narrow down results with higher precision
Try it now in Case Laws →
TaxTMI Login
🚀 New Feature Launched ✕
Just a moment...
Introducing the “In Favour Of” filter in Case Laws.
Try it now in Case Laws →
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Clarification on Section 64(1) IT Act: Minor's Partnership Income Included in Father's Assessable Income, Even in HUF Cases.</h1> The circular addresses the scope and applicability of sub-section (1) of section 64 of the Income Tax Act, referencing a Tribunal decision in a specific case. The case involved the inclusion of a minor's income from a partnership in the assessable income of the father, who is a partner in the firm. The Tribunal clarified that section 64(1) applies even if the income is assessed in the hands of a Hindu undivided family, as the individual remains a partner. The circular aims to clarify doubts expressed by tax commissioners regarding similar cases.
TaxTMI 
TaxTMI 
