https://www.taxtmi.com/caselaws?id=57169 Income arising to the assessee's daughters-in-law from partnership firms was not clubbed in the assessee's hands under section 64(1)(vi) where the funds used to acquire the partnership interests were said to have been gifted by the assessee. The Tribunal followed the principle in Prem Bhai Parekh and the Calcutta High Court's explanation of that ratio, and it also noted that Explanation 3 to section 64 expressly referred to clauses (iv) and (v) but not clause (vi). On that basis, the clubbing provision was held inapplicable and the addition was deleted. en-us Wed, 16 Feb 1983 00:00:00 +0530 Wed, 08 Dec 2010 17:23:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57169 Income arising to the assessee's daughters-in-law from partnership firms was not clubbed in the assessee's hands under section 64(1)(vi) where the funds used to acquire the partnership interests were said to have been gifted by the assessee. The Tribunal followed the principle in Prem Bhai Parekh and the Calcutta High Court's explanation of that ratio, and it also noted that Explanation 3 to section 64 expressly referred to clauses (iv) and (v) but not clause (vi). On that basis, the clubbing provision was held inapplicable and the addition was deleted. Case-Laws Income Tax Wed, 16 Feb 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57169