https://www.taxtmi.com/caselaws?id=27029 The court upheld the Tribunal's decision to exclude speculation income earned in the name of the assessee's minor daughter from the assessee's total income. It emphasized that the business conducted by the guardian on behalf of the minor resulted in the income belonging to the minor, not the guardian. The judgment reaffirmed the legal principle that income earned by minors through guardians should be assessed in the minor's hands, maintaining a clear distinction between the income of the minor and the guardian. en-us Wed, 27 Mar 1985 00:00:00 +0530 Wed, 10 Feb 2010 12:35:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27029 The court upheld the Tribunal's decision to exclude speculation income earned in the name of the assessee's minor daughter from the assessee's total income. It emphasized that the business conducted by the guardian on behalf of the minor resulted in the income belonging to the minor, not the guardian. The judgment reaffirmed the legal principle that income earned by minors through guardians should be assessed in the minor's hands, maintaining a clear distinction between the income of the minor and the guardian. Case-Laws Income Tax Wed, 27 Mar 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27029