https://www.taxtmi.com/caselaws?id=27395 The court ruled in favor of the Revenue and against the assessee on the conversion of provisions from Section 147(a) to Section 147(b) of the Income-tax Act, 1961. It also held in favor of the assessee and against the Revenue on the applicability of Section 27(1) read with Section 64(iv) regarding the transfer of property. The court affirmed that the term "individual" in Section 64(iv) includes females. Additionally, it determined that Section 64(iv) is not retrospective and does not apply to transfers made before April 1, 1961. The question regarding credit for tax paid by minors was deemed unnecessary. en-us Fri, 03 Feb 1984 00:00:00 +0530 Fri, 12 Feb 2010 15:16:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27395 The court ruled in favor of the Revenue and against the assessee on the conversion of provisions from Section 147(a) to Section 147(b) of the Income-tax Act, 1961. It also held in favor of the assessee and against the Revenue on the applicability of Section 27(1) read with Section 64(iv) regarding the transfer of property. The court affirmed that the term "individual" in Section 64(iv) includes females. Additionally, it determined that Section 64(iv) is not retrospective and does not apply to transfers made before April 1, 1961. The question regarding credit for tax paid by minors was deemed unnecessary. Case-Laws Income Tax Fri, 03 Feb 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27395