https://www.taxtmi.com/caselaws?id=7006 Section 64(v) operates as a substantive clubbing provision, treating income from transferred assets as the transferor's income where it is for the immediate or deferred benefit of a spouse or minor children. Section 161(2) is only a machinery rule for representative assessment and recovery, so it does not displace the charging effect of section 64(v). The note also states that assessments made on minor beneficiaries do not bar inclusion of the same trust income in the transferor's assessment; any erroneous beneficiary assessments may be separately annulled, but they do not affect the transferor's substantive liability. 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) operates as a substantive clubbing provision, treating income from transferred assets as the transferor's income where it is for the immediate or deferred benefit of a spouse or minor children. Section 161(2) is only a machinery rule for representative assessment and recovery, so it does not displace the charging effect of section 64(v). The note also states that assessments made on minor beneficiaries do not bar inclusion of the same trust income in the transferor's assessment; any erroneous beneficiary assessments may be separately annulled, but they do not affect the transferor's substantive liability. Case-Laws Income Tax Thu, 15 Dec 1966 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7006