https://www.taxtmi.com/caselaws?id=273023 A minor's share of profits from admission to the benefits of a partnership was includible in the individual assessee's total income under section 16(3) of the Indian Income-tax Act, 1922 because the relevant test was the minor's status during the previous year, not the date of assessment. Since the minor remained a minor throughout that year, inclusion was required. On the firm's constitution, section 26(1) turned on the position when the firm's assessment was completed; because the firm had already been assessed before the minor attained majority, the later change did not affect the completed assessment. The Revenue's view was upheld on both issues. en-us Mon, 27 Sep 1943 00:00:00 +0630 Thu, 31 May 2018 15:31:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=273023 A minor's share of profits from admission to the benefits of a partnership was includible in the individual assessee's total income under section 16(3) of the Indian Income-tax Act, 1922 because the relevant test was the minor's status during the previous year, not the date of assessment. Since the minor remained a minor throughout that year, inclusion was required. On the firm's constitution, section 26(1) turned on the position when the firm's assessment was completed; because the firm had already been assessed before the minor attained majority, the later change did not affect the completed assessment. The Revenue's view was upheld on both issues. Case-Laws Income Tax Mon, 27 Sep 1943 00:00:00 +0630 https://www.taxtmi.com/caselaws?id=273023