https://www.taxtmi.com/caselaws?id=29415 Income earned from speculation transactions carried on in a minor daughter's name was not assessable in the father's hands where the minor was the real recipient, the cheques and credits stood in her name, and no assessee funds were shown to have been used. Dividend income from shares transferred by the assessee to his wife was also excluded where proper valuation principles for unquoted shares did not support a finding of inadequate consideration. On those facts, the spouse-transfer provision was not attracted and the additions relating to both the minor's speculation profits and the wife's dividend income did not survive. en-us Tue, 24 Mar 1981 00:00:00 +0530 Fri, 12 Mar 2010 16:32:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=29415 Income earned from speculation transactions carried on in a minor daughter's name was not assessable in the father's hands where the minor was the real recipient, the cheques and credits stood in her name, and no assessee funds were shown to have been used. Dividend income from shares transferred by the assessee to his wife was also excluded where proper valuation principles for unquoted shares did not support a finding of inadequate consideration. On those facts, the spouse-transfer provision was not attracted and the additions relating to both the minor's speculation profits and the wife's dividend income did not survive. Case-Laws Income Tax Tue, 24 Mar 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=29415