https://www.taxtmi.com/caselaws?id=276555 Section 16(3)(a)(i) and (ii) of the Income-tax Act, 1922 was treated as constitutionally valid, the court following Supreme Court authority and rejecting the contention that it infringed Articles 19(1)(f) and 19(1)(g). On the income issue, interest credited by a firm on accumulated partnership profits standing to the credit of the assessee's wife and minor children was held to arise directly from the partnership relationship and the incidents of the deed. As it was not an independent source, the interest fell within the clubbing provision and was includible in the assessee's assessment. en-us Mon, 27 Aug 1962 00:00:00 +0530 Tue, 13 Nov 2018 17:36:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=276555 Section 16(3)(a)(i) and (ii) of the Income-tax Act, 1922 was treated as constitutionally valid, the court following Supreme Court authority and rejecting the contention that it infringed Articles 19(1)(f) and 19(1)(g). On the income issue, interest credited by a firm on accumulated partnership profits standing to the credit of the assessee's wife and minor children was held to arise directly from the partnership relationship and the incidents of the deed. As it was not an independent source, the interest fell within the clubbing provision and was includible in the assessee's assessment. Case-Laws Income Tax Mon, 27 Aug 1962 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=276555