https://www.taxtmi.com/caselaws?id=179284 Section 16(3) of the Income-tax Act, 1922 applies only where the minor has a present legal right to receive the income. A minor's share of partnership profits can be clubbed with the father's income only if it is truly the minor's income under the statutory fiction. Where the minor attains majority and continues as a partner, the partnership does not end, and no vested right to any computed share arises merely because profits are calculated as on the date of majority; the right accrues only when accounts are made up under the deed. The amount in question was therefore not the minor's income for the relevant year and was not includible in the father's assessment. en-us Thu, 15 Sep 1955 00:00:00 +0530 Wed, 04 Jan 2017 11:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179284 Section 16(3) of the Income-tax Act, 1922 applies only where the minor has a present legal right to receive the income. A minor's share of partnership profits can be clubbed with the father's income only if it is truly the minor's income under the statutory fiction. Where the minor attains majority and continues as a partner, the partnership does not end, and no vested right to any computed share arises merely because profits are calculated as on the date of majority; the right accrues only when accounts are made up under the deed. The amount in question was therefore not the minor's income for the relevant year and was not includible in the father's assessment. Case-Laws Income Tax Thu, 15 Sep 1955 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179284