https://www.taxtmi.com/caselaws?id=39334 Income from assets transferred to minor unmarried daughters was includible in the transferor's total agricultural income under section 9(2) of the Agricultural Income-tax Act, 1950, because the charging and computation provisions allowed assessment of such transferred-property income even if the assessee had divested all his own property. The court held that present ownership was not necessary where the statutory computation brought the income within charge, and the assessee remained liable to assessment. The definition of "person" in section 2(m) was read in the context of sections 3 and 9(2), so it extended to an individual assessable on that basis. The reference was answered for the Revenue. en-us Thu, 04 Sep 1975 00:00:00 +0530 Thu, 15 Apr 2010 16:47:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39334 Income from assets transferred to minor unmarried daughters was includible in the transferor's total agricultural income under section 9(2) of the Agricultural Income-tax Act, 1950, because the charging and computation provisions allowed assessment of such transferred-property income even if the assessee had divested all his own property. The court held that present ownership was not necessary where the statutory computation brought the income within charge, and the assessee remained liable to assessment. The definition of "person" in section 2(m) was read in the context of sections 3 and 9(2), so it extended to an individual assessable on that basis. The reference was answered for the Revenue. Case-Laws Income Tax Thu, 04 Sep 1975 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39334