https://www.taxtmi.com/caselaws?id=6723 Interest credited on money transferred by an assessee to his wife was not taxable in his hands merely because the transfer was to a spouse; the income arose from the transferred amount and, absent an independent basis for treating the money as still belonging to him, inclusion failed, leaving section 16(3) open for the Tribunal. Property received by a coparcener on partition of Hindu undivided family property retained its ancestral or coparcenary character in relation to his male issue and did not become separate property merely because he had no son at the time. The income from such property was therefore not assessable as his individual income. en-us Thu, 04 Nov 1965 00:00:00 +0530 Sun, 01 Feb 2009 12:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=6723 Interest credited on money transferred by an assessee to his wife was not taxable in his hands merely because the transfer was to a spouse; the income arose from the transferred amount and, absent an independent basis for treating the money as still belonging to him, inclusion failed, leaving section 16(3) open for the Tribunal. Property received by a coparcener on partition of Hindu undivided family property retained its ancestral or coparcenary character in relation to his male issue and did not become separate property merely because he had no son at the time. The income from such property was therefore not assessable as his individual income. Case-Laws Income Tax Thu, 04 Nov 1965 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=6723