Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2003 (1) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2003 (1) TMI 36 - ANDHRA PRADESH HIGH COURT"Whether, Tribunal was justified in law, in holding that the share income of the assessee's minor children was assessable in the firm under section 182(3) of the Income-tax Act and that it could not be included in the hands of the non-resident assessee in his individual assessment under section 64(1)(iii) of the Act?" - we are of the considered opinion that, the Tribunal was not justified in law in holding that the share income of the assessee's minor children was assessable in the firm under section 182(3). The share income of the assessee's minor children ought to have been included in the hands of the non-resident assessee in his individual assessment under section 64(1)(iii) - The question posed for our opinion is accordingly answered in favour of the Revenue and against the assessee
|