https://www.taxtmi.com/caselaws?id=69224 The Tribunal held that the share income of minor children should not be included in the individual assessment of Shri S. Thiagarajan Chettiar under Section 64(1)(ii) of the Income Tax Act, 1961. The Tribunal determined that since Shri Thiagarajan Chettiar derived share income as a partner in the firm in his capacity as Karta of the HUF, the income belonged to the HUF and not to him individually. The Tribunal emphasized strict construction of tax liability provisions and the requirement for the individual to have share income from the firm for inclusion. The decision aligned with the Explanation to Section 64 and the precedent set by the Andhra Pradesh High Court. en-us Tue, 18 Apr 1978 00:00:00 +0530 Tue, 05 Apr 2011 18:23:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69224 The Tribunal held that the share income of minor children should not be included in the individual assessment of Shri S. Thiagarajan Chettiar under Section 64(1)(ii) of the Income Tax Act, 1961. The Tribunal determined that since Shri Thiagarajan Chettiar derived share income as a partner in the firm in his capacity as Karta of the HUF, the income belonged to the HUF and not to him individually. The Tribunal emphasized strict construction of tax liability provisions and the requirement for the individual to have share income from the firm for inclusion. The decision aligned with the Explanation to Section 64 and the precedent set by the Andhra Pradesh High Court. Case-Laws Income Tax Tue, 18 Apr 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69224