https://www.taxtmi.com/caselaws?id=39511 Section 16(3)(a)(iii) is an artificial clubbing provision and must be strictly construed: income is includible in the husband's total income only where it arises directly or indirectly from assets transferred by him to the wife, and the nexus must be proximate. On that reasoning, only the interest attributable to the wife's capital funded by the husband's gifts was treated as connected with the transferred assets and therefore includible. The balance of the wife's partnership income, including interest and share of profits referable to independent capital, was not shown to have the requisite direct or indirect link and was not includible. en-us Tue, 13 Aug 1974 00:00:00 +0530 Fri, 16 Apr 2010 18:29:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39511 Section 16(3)(a)(iii) is an artificial clubbing provision and must be strictly construed: income is includible in the husband's total income only where it arises directly or indirectly from assets transferred by him to the wife, and the nexus must be proximate. On that reasoning, only the interest attributable to the wife's capital funded by the husband's gifts was treated as connected with the transferred assets and therefore includible. The balance of the wife's partnership income, including interest and share of profits referable to independent capital, was not shown to have the requisite direct or indirect link and was not includible. Case-Laws Income Tax Tue, 13 Aug 1974 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39511