https://www.taxtmi.com/caselaws?id=38253 The High Court ruled that the share incomes derived by the assessee's wife and minor children could not be considered in the hands of the assessee-individual under section 64 of the Income-tax Act, 1961. The court clarified that section 64 applies only to the computation of total income of an individual and does not extend to a karta of a joint family, emphasizing the prevention of tax avoidance through transfers to spouses or minor children. The court highlighted the distinction between an individual's capacity in a partnership and their role as a karta or trustee, ultimately ruling against the revenue. en-us Mon, 24 Oct 1977 00:00:00 +0530 Mon, 05 Apr 2010 11:51:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38253 The High Court ruled that the share incomes derived by the assessee's wife and minor children could not be considered in the hands of the assessee-individual under section 64 of the Income-tax Act, 1961. The court clarified that section 64 applies only to the computation of total income of an individual and does not extend to a karta of a joint family, emphasizing the prevention of tax avoidance through transfers to spouses or minor children. The court highlighted the distinction between an individual's capacity in a partnership and their role as a karta or trustee, ultimately ruling against the revenue. Case-Laws Income Tax Mon, 24 Oct 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38253