https://www.taxtmi.com/caselaws?id=7006 Section 64(v) of the Income-tax Act applied to income from transferred assets held for the immediate or deferred benefit of a spouse or minor children, requiring inclusion in the transferor's assessment. Section 161, governing representative assessment and recovery, operated as a machinery provision and did not displace the substantive clubbing rule; section 161(2) prevented duplicate assessment in the same representative capacity but did not negate liability under section 64(v). Assessments already made on minor beneficiaries were erroneous where the income was taxable in the transferor's hands, but did not bar assessment of that income under the clubbing provision. Such erroneous beneficiary assessments could be annulled separately. en-us Thu, 15 Dec 1966 00:00:00 +0530 Sat, 07 Feb 2009 19:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7006 Section 64(v) of the Income-tax Act applied to income from transferred assets held for the immediate or deferred benefit of a spouse or minor children, requiring inclusion in the transferor's assessment. Section 161, governing representative assessment and recovery, operated as a machinery provision and did not displace the substantive clubbing rule; section 161(2) prevented duplicate assessment in the same representative capacity but did not negate liability under section 64(v). Assessments already made on minor beneficiaries were erroneous where the income was taxable in the transferor's hands, but did not bar assessment of that income under the clubbing provision. Such erroneous beneficiary assessments could be annulled separately. Case-Laws Income Tax Thu, 15 Dec 1966 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7006