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<h1>Clubbing of income: transferee liable to pay tax attributable to clubbed income on demand when notice served.</h1> Clubbing of income under Section 65 renders the transferee liable to pay the portion of tax attributable to income that is included in the transferor's income; the Assessing Officer may serve a notice of demand on the transferee and, where the asset is held jointly, the holders are jointly and severally liable for the tax attributable to that income.