https://www.taxtmi.com/caselaws?id=38289 Income arising from assets transferred by an assessee to his wife in connection with her consent to adoption was held includible in the assessee's hands under section 64(iii) of the Income-tax Act, 1961. The Court reasoned that a payment or reward for consent to adoption falls within the prohibition in section 17 of the Hindu Adoptions and Maintenance Act, 1956, because the ban on giving or receiving consideration for adoption applies to all persons, including the adoptive mother. In the alternative, if the transfer was treated as provision for the wife's future security or maintenance, it was not a transfer for adequate consideration and therefore did not satisfy the statutory exception. The issue was answered in favour of the Revenue. en-us Thu, 11 Dec 1975 00:00:00 +0530 Mon, 05 Apr 2010 13:12:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38289 Income arising from assets transferred by an assessee to his wife in connection with her consent to adoption was held includible in the assessee's hands under section 64(iii) of the Income-tax Act, 1961. The Court reasoned that a payment or reward for consent to adoption falls within the prohibition in section 17 of the Hindu Adoptions and Maintenance Act, 1956, because the ban on giving or receiving consideration for adoption applies to all persons, including the adoptive mother. In the alternative, if the transfer was treated as provision for the wife's future security or maintenance, it was not a transfer for adequate consideration and therefore did not satisfy the statutory exception. The issue was answered in favour of the Revenue. Case-Laws Income Tax Thu, 11 Dec 1975 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38289