https://www.taxtmi.com/caselaws?id=200788 Section 16(3)(a)(iii) of the Indian Income-tax Act, 1922 was applied to income arising after 1 April 1937 from assets transferred by a husband to his wife before the amendment came into force, because the provision changed only the method of computing total income and did not invalidate earlier transfers. Transfers made merely out of natural love and affection were not transfers for adequate consideration, since that phrase requires real consideration in law and a proportionate return. On those principles, the wife's income was includible in the husband's total income. en-us Wed, 20 Nov 1940 00:00:00 +0530 Mon, 23 Apr 2018 16:31:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=200788 Section 16(3)(a)(iii) of the Indian Income-tax Act, 1922 was applied to income arising after 1 April 1937 from assets transferred by a husband to his wife before the amendment came into force, because the provision changed only the method of computing total income and did not invalidate earlier transfers. Transfers made merely out of natural love and affection were not transfers for adequate consideration, since that phrase requires real consideration in law and a proportionate return. On those principles, the wife's income was includible in the husband's total income. Case-Laws Income Tax Wed, 20 Nov 1940 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=200788