https://www.taxtmi.com/caselaws?id=69391 The Tribunal held that the tax liability on the income of minor children added to the parent under s. 64 of the IT Act 1961 is a personal liability of the parent. The tax attributable to the minor's income, collected through the parent, was deemed deductible in computing the minor's net wealth. The Tribunal emphasized that the tax was on the minor's income, even though collected through the parent, and the parent could seek reimbursement from the minor. The appeals by the Revenue were dismissed, affirming the deduction of income tax attributable to the minor children's income added to the parent's income. en-us Thu, 26 Nov 1987 00:00:00 +0530 Wed, 06 Apr 2011 15:06:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69391 The Tribunal held that the tax liability on the income of minor children added to the parent under s. 64 of the IT Act 1961 is a personal liability of the parent. The tax attributable to the minor's income, collected through the parent, was deemed deductible in computing the minor's net wealth. The Tribunal emphasized that the tax was on the minor's income, even though collected through the parent, and the parent could seek reimbursement from the minor. The appeals by the Revenue were dismissed, affirming the deduction of income tax attributable to the minor children's income added to the parent's income. Case-Laws Income Tax Thu, 26 Nov 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69391