Amendment of section 4

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.... than for adequate consideration," shall be omitted; (2) in sub-clause (iii), the words "or minor child (not being a married daughter) or both" shall be omitted; (3) in sub-clause (v), the words "or the son's minor child," shall be omitted; (4) in sub-clause (vi), the words "or the son's minor child" shall be omitted; (5) after the existing provis....

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....aintains the minor child in the previous year as defined in section 3 of the Income-tax Act, and where any such assets are once included in the net wealth of either parent, any such assets shall not be included in the net wealth of the other parent in any succeeding year unless the Assessing Officer is satisfied, after giving that parent an opportunity of being heard, that it is necessary so to ....