Clubbing of pin money

Hi

As per Sec 64(1)(iv) this income will be taxed in the hands of transferor. In this case husband.

AJH & CO.

9868729930

But in the case of  " R.B.N.J Naidu Vs CIT (1956) 29 ITR 194 (Nag) and R.Dalmia Vs. CIT (1982) 133 ITR 169 (Delhi) " , it says income from investment out of pin money cannot be clubbed.

1.  Income from Investment out of PIN money will be taxable in the hands of Wife

Pin money received by wife from her husband is not treated as an income in the hands of wife & so if she saves from Pin money & invests the same, the income from Investment will be taxed in the hands of wife & no clubbing provisions will apply here.

ncome from Investment out of PIN money will not attact clubbing provisions.