https://www.taxtmi.com/caselaws?id=5022 Income can be clubbed under section 16(3)(a)(iv) only if the minor's share income directly or indirectly arises from assets transferred by the assessee. Mere admission of a minor to the benefits of partnership, or the existence of allied firms with financial connections, is insufficient unless a real nexus between the transferred assets and the income is proved. On the facts stated, there was no cogent basis to attribute the profits from the Galla and Calcutta firms to the father's gifted capital, and no evidence that the Dhubri firm share arose because capital was introduced as a condition of admission. The share income was therefore not includible in the father's assessment. en-us Wed, 15 Mar 1967 00:00:00 +0530 Tue, 18 Nov 2008 16:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5022 Income can be clubbed under section 16(3)(a)(iv) only if the minor's share income directly or indirectly arises from assets transferred by the assessee. Mere admission of a minor to the benefits of partnership, or the existence of allied firms with financial connections, is insufficient unless a real nexus between the transferred assets and the income is proved. On the facts stated, there was no cogent basis to attribute the profits from the Galla and Calcutta firms to the father's gifted capital, and no evidence that the Dhubri firm share arose because capital was introduced as a condition of admission. The share income was therefore not includible in the father's assessment. Case-Laws Income Tax Wed, 15 Mar 1967 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5022