https://www.taxtmi.com/caselaws?id=13170 The court ruled in favor of the assessee, holding that the share income of the daughter-in-law could not be clubbed with the income of the assessee under section 64(1)(i) of the Income-tax Act, 1961. Additionally, it was determined that section 64(1)(vi) did not apply when a gift was made to the daughter-in-law, who then became a partner in a firm. The court emphasized the legislative exclusion of daughter-in-law from Explanation 3 to section 64(1), indicating the intention not to apply the clubbing provision to income from the gifted amount invested in the business. en-us Thu, 20 Sep 2001 00:00:00 +0530 Tue, 26 May 2009 17:42:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13170 The court ruled in favor of the assessee, holding that the share income of the daughter-in-law could not be clubbed with the income of the assessee under section 64(1)(i) of the Income-tax Act, 1961. Additionally, it was determined that section 64(1)(vi) did not apply when a gift was made to the daughter-in-law, who then became a partner in a firm. The court emphasized the legislative exclusion of daughter-in-law from Explanation 3 to section 64(1), indicating the intention not to apply the clubbing provision to income from the gifted amount invested in the business. Case-Laws Income Tax Thu, 20 Sep 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13170