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2019 (5) TMI 113 - HC - Income TaxMinor's income taxability u/s 56(1) - both the parents are not alive - as per tribunal income of the minor will be completely exempt from tax if both the parents are not alive ? - HELD THAT:- As decided in R.P. SARATHY, THE COMMISSIONER OF INCOME TAX VERSUS THE JOINT COMMISSIONER OF INCOME TAX, MINOR M. PRANUTHI [2019 (4) TMI 420 - MADRAS HIGH COURT] Tribunal has wholly erred in holding that since there is no provision to assess the minor's income in the hands of the minor and, if the parents do not survive, the income cannot be clubbed in the hands of any of his grandparents or anybody, who maintains minor child, and, therefore, the orders of two authorities bringing the income of minor to tax in the hands of the Minor deserve to be quashed Income in the present case was taxable in the hands of representative-assessee-Guardian and grandfather for the period for which the said minor child remained a Minor, we do not find any justification for holding otherwise - Decided against revenue.
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