https://www.taxtmi.com/caselaws?id=6187 Section 16(3)(a)(iv) applies only where a minor child's income arises directly or indirectly from assets transferred by the assessee, and the transfer must have a proximate rather than remote nexus with that income. Where the father's gifts to the minors were only the remote source of the capital later introduced into the firm, the minors' income was treated as arising from their admission to partnership benefits, not from the transferred assets. The income was therefore not includible in the assessee's total income. en-us Mon, 20 Apr 1970 00:00:00 +0530 Wed, 04 Mar 2015 15:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=6187 Section 16(3)(a)(iv) applies only where a minor child's income arises directly or indirectly from assets transferred by the assessee, and the transfer must have a proximate rather than remote nexus with that income. Where the father's gifts to the minors were only the remote source of the capital later introduced into the firm, the minors' income was treated as arising from their admission to partnership benefits, not from the transferred assets. The income was therefore not includible in the assessee's total income. Case-Laws Income Tax Mon, 20 Apr 1970 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=6187