https://www.taxtmi.com/caselaws?id=23914 The High Court ruled in favor of the Revenue, holding that the family arrangement and partnership conversion claimed by the Hindu undivided family were not valid. However, the Court decided against the Revenue on the taxability of income earned by minors from genuine gifts, stating that such income should not be included in the family's tax assessment. Each party was directed to bear their own costs in the reference. en-us Wed, 08 Mar 1989 00:00:00 +0530 Fri, 15 Jan 2010 12:21:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23914 The High Court ruled in favor of the Revenue, holding that the family arrangement and partnership conversion claimed by the Hindu undivided family were not valid. However, the Court decided against the Revenue on the taxability of income earned by minors from genuine gifts, stating that such income should not be included in the family's tax assessment. Each party was directed to bear their own costs in the reference. Case-Laws Income Tax Wed, 08 Mar 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23914