https://www.taxtmi.com/caselaws?id=7509 Income from a business owned by minors and carried on through their guardian retained its character as business income, because the guardian acted only as a representative and not on his own behalf. Section 40 recognised assessment and recovery in respect of a minor's income through the guardian, supporting the view that the business was still carried on by the minors in law. The income was therefore assessable under section 10 as business income and not under section 12 as unearned income. en-us Thu, 20 Feb 1969 00:00:00 +0530 Fri, 20 Feb 2009 18:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7509 Income from a business owned by minors and carried on through their guardian retained its character as business income, because the guardian acted only as a representative and not on his own behalf. Section 40 recognised assessment and recovery in respect of a minor's income through the guardian, supporting the view that the business was still carried on by the minors in law. The income was therefore assessable under section 10 as business income and not under section 12 as unearned income. Case-Laws Income Tax Thu, 20 Feb 1969 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7509