TaxTMI 
TaxTMI 
1980 (2) TMI 130
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....ncome of Rs. 24,810. The assessee claimed that the share income of the minor son, Shri Narendra Kumar from the firm, M/s Laxmikant & Company, Baran, was not includible in the total income of the assessee. According to the assessee, income of the minor son can be included in the hands of the assessee, if the assessment was completed in the status of individual. The ld. ITO was not satisfied with th....
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....of the minor son. The assessee is also partner in the firm, M/s Laxmikant & Co., Baran. So, income earned in the name of the minor son from the said firm should be clubbed in the hands of the assessee under s. 64 of the Act. Thus, it was contended that the finding of the ld. AAC is not correct. 6. The ld. counsel for the assessee contended that the assessee is partner in the firm, M/s Laxmikant &....
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....ion for determination is whether the share income earned by the minor son could be clubbed under s. 64 of the Act, in the assessment of the HUF. This point was directly in issue before Their Lordship of the Supreme Court in the cases referred to above. In the aforesaid cases, it was held that s. 64(1)(ii) of the Act, only talks of an 'individual'. In the said decisions, it was also held that if th....