https://www.taxtmi.com/caselaws?id=26702 Section 16(3)(a) of the Indian Income-tax Act, 1922 was held inapplicable because the Tribunal found no transfer of assets by the retiring partners to the minor sons or the wife, and the partnership deed gave no right to nominate a successor on retirement or death. In the absence of the factual transfer required by the provision, and since the assessees had already ceased to be partners, the income from those shares could not be clubbed in their hands. The answer was in the negative and in favour of the assessees. en-us Thu, 16 Dec 1976 00:00:00 +0530 Sat, 06 Feb 2010 18:36:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26702 Section 16(3)(a) of the Indian Income-tax Act, 1922 was held inapplicable because the Tribunal found no transfer of assets by the retiring partners to the minor sons or the wife, and the partnership deed gave no right to nominate a successor on retirement or death. In the absence of the factual transfer required by the provision, and since the assessees had already ceased to be partners, the income from those shares could not be clubbed in their hands. The answer was in the negative and in favour of the assessees. Case-Laws Income Tax Thu, 16 Dec 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26702