https://www.taxtmi.com/caselaws?id=276542 Section 16(3) of the Indian Income-tax Act, 1922 was construed strictly as a deeming provision, so a minor child's income could be included in the father's assessment only if it arose directly or indirectly from assets transferred by the father without adequate consideration. On the facts, there was no reliable material showing that the minor's share of profits from the firms had the necessary causal nexus with the gifted funds, and mere admission to the benefits of partnership was not enough. The distinction between transfer of assets and admission to partnership benefits was maintained, and the minor's share income was therefore not includible in the father's assessment. en-us Fri, 21 Feb 1964 00:00:00 +0530 Tue, 13 Nov 2018 15:39:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=276542 Section 16(3) of the Indian Income-tax Act, 1922 was construed strictly as a deeming provision, so a minor child's income could be included in the father's assessment only if it arose directly or indirectly from assets transferred by the father without adequate consideration. On the facts, there was no reliable material showing that the minor's share of profits from the firms had the necessary causal nexus with the gifted funds, and mere admission to the benefits of partnership was not enough. The distinction between transfer of assets and admission to partnership benefits was maintained, and the minor's share income was therefore not includible in the father's assessment. Case-Laws Income Tax Fri, 21 Feb 1964 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=276542