https://www.taxtmi.com/caselaws?id=25756 Income clubbed under section 64(ii) from a minor child's partnership share may be reduced by the child's brought-forward loss from the same firm for carry forward and set-off purposes. Applying the principles in J. H. Gotla and the court's prior ruling in Abhay L. Khatau, the profit or loss from the minor's business interest was treated as the assessee's own only for this limited adjustment. On that basis, the carried-forward loss could be set off against the clubbed share income, and the assessee's position was accepted. en-us Wed, 14 Jan 1987 00:00:00 +0530 Sat, 30 Jan 2010 17:05:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25756 Income clubbed under section 64(ii) from a minor child's partnership share may be reduced by the child's brought-forward loss from the same firm for carry forward and set-off purposes. Applying the principles in J. H. Gotla and the court's prior ruling in Abhay L. Khatau, the profit or loss from the minor's business interest was treated as the assessee's own only for this limited adjustment. On that basis, the carried-forward loss could be set off against the clubbed share income, and the assessee's position was accepted. Case-Laws Income Tax Wed, 14 Jan 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25756