https://www.taxtmi.com/caselaws?id=7082 Section 9(1) was applied on a substance-over-form basis to treat income from assets as taxable where the assets, though transferred or acquired in family members' names, remained in substance the assessee's property. Lands settled by the assessee on his wife and children were covered because he had owned them and transferred them to them. Lands purchased directly in the names of the wife and minor children were also covered because the entire consideration came from the assessee, making the land effectively his asset for tax purposes. On that reasoning, the agricultural income from both categories of land was included in the assessee's total income. en-us Thu, 30 Mar 1967 00:00:00 +0530 Sun, 08 Feb 2009 11:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7082 Section 9(1) was applied on a substance-over-form basis to treat income from assets as taxable where the assets, though transferred or acquired in family members' names, remained in substance the assessee's property. Lands settled by the assessee on his wife and children were covered because he had owned them and transferred them to them. Lands purchased directly in the names of the wife and minor children were also covered because the entire consideration came from the assessee, making the land effectively his asset for tax purposes. On that reasoning, the agricultural income from both categories of land was included in the assessee's total income. Case-Laws Income Tax Thu, 30 Mar 1967 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7082