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2021 (1) TMI 744 - HC - Income TaxAssessment of income of minor sons in the hands of the assessee father u/s 64(1)(iii) - scope of amended provision came into force with effect from assessment year 1976-77 - HELD THAT:- In view of the observations made by a three-judge Bench of this Court in its judgment [2019 (8) TMI 458 - PATNA HIGH COURT] dated 01.08.2019, relevant portion whereof stands extracted hereinabove, it cannot be said that the income including the component of interest of the two minor sons, namely Shri Alok Kumar Goenka and Shri Atul Kumar, would be assessable in the hands of their father, namely Lok Nath Goenka, for the reason that the amendment making such income taxable in the hands of father, came into effect with effect from 01.04.1976, the period prior to the accounting year ending on 31st December, 1975.
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