https://www.taxtmi.com/caselaws?id=13644 The High Court of Allahabad held that the amendment to section 64(1) of the Income-tax Act, 1961, which required clubbing the income of a minor child with the assessee's income, was not applicable to the assessment year 1976-77. The court determined that such amendments altering tax liability usually apply to future years unless specified otherwise. Therefore, as the amendment came into force on April 1, 1976, it did not impact the assessment year 1976-77, which related to the previous year that had already ended. The Tribunal's decision to apply the amendment was deemed legally incorrect, and the reference was disposed of accordingly. en-us Tue, 24 Apr 2007 00:00:00 +0530 Sat, 30 May 2009 17:35:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13644 The High Court of Allahabad held that the amendment to section 64(1) of the Income-tax Act, 1961, which required clubbing the income of a minor child with the assessee's income, was not applicable to the assessment year 1976-77. The court determined that such amendments altering tax liability usually apply to future years unless specified otherwise. Therefore, as the amendment came into force on April 1, 1976, it did not impact the assessment year 1976-77, which related to the previous year that had already ended. The Tribunal's decision to apply the amendment was deemed legally incorrect, and the reference was disposed of accordingly. Case-Laws Income Tax Tue, 24 Apr 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13644