https://www.taxtmi.com/caselaws?id=28437 The High Court of Madhya Pradesh declined to address the issue of clubbing minors' income with the assessee's income under section 64(1)(iii) of the Income Tax Act when there was no nexus between their admission to the partnership and deposits in the firm. However, the Court affirmed the Tribunal's decision that advance tax paid by minors cannot be adjusted against the father's tax liability when the minor's income is below the taxable limit. The Court ruled in favor of the Tribunal on this issue, directing the parties to bear their own costs in the reference. en-us Mon, 04 Apr 1983 00:00:00 +0530 Mon, 22 Feb 2010 16:43:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28437 The High Court of Madhya Pradesh declined to address the issue of clubbing minors' income with the assessee's income under section 64(1)(iii) of the Income Tax Act when there was no nexus between their admission to the partnership and deposits in the firm. However, the Court affirmed the Tribunal's decision that advance tax paid by minors cannot be adjusted against the father's tax liability when the minor's income is below the taxable limit. The Court ruled in favor of the Tribunal on this issue, directing the parties to bear their own costs in the reference. Case-Laws Income Tax Mon, 04 Apr 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28437