https://www.taxtmi.com/caselaws?id=58469 The case involved an appeal by a minor regarding the assessment of income from a property purchased in his name by his guardian, who is also the managing director of a private limited company controlled by the family. The main issue was whether a transfer of property occurred, with the CIT (A) determining there was no transfer due to the absence of a registered document. The case highlighted the importance of compliance with the Coop. Societies Act provisions, emphasizing the necessity of investigating prior permissions for property transfers. The appeal was partly allowed, with instructions to verify prior approval from the society for the transfer. en-us Fri, 28 Aug 1992 00:00:00 +0530 Mon, 20 Dec 2010 11:42:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58469 The case involved an appeal by a minor regarding the assessment of income from a property purchased in his name by his guardian, who is also the managing director of a private limited company controlled by the family. The main issue was whether a transfer of property occurred, with the CIT (A) determining there was no transfer due to the absence of a registered document. The case highlighted the importance of compliance with the Coop. Societies Act provisions, emphasizing the necessity of investigating prior permissions for property transfers. The appeal was partly allowed, with instructions to verify prior approval from the society for the transfer. Case-Laws Income Tax Fri, 28 Aug 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58469