https://www.taxtmi.com/caselaws?id=11525 Rental income from immovable properties gifted by an assessee to his minor sons by Hiba under Mohammedan law was includible in the assessee's total income under section 64(1)(v) of the Income-tax Act, 1961. The transfer was an admitted gift without adequate consideration and therefore a transfer within section 2(47), so the clubbing provision applied to income arising from the transferred assets. The fact that the gift was made under Mohammedan law did not exclude the Act's operation, and exemptions or distinctions under gift-tax or wealth-tax provisions did not control the result. en-us Mon, 28 Apr 2003 00:00:00 +0530 Wed, 16 Dec 2009 16:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11525 Rental income from immovable properties gifted by an assessee to his minor sons by Hiba under Mohammedan law was includible in the assessee's total income under section 64(1)(v) of the Income-tax Act, 1961. The transfer was an admitted gift without adequate consideration and therefore a transfer within section 2(47), so the clubbing provision applied to income arising from the transferred assets. The fact that the gift was made under Mohammedan law did not exclude the Act's operation, and exemptions or distinctions under gift-tax or wealth-tax provisions did not control the result. Case-Laws Income Tax Mon, 28 Apr 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11525