Clubbing Provision section 64(2) says that when a member of HUF transfers any of his property to HUF for inadequate Consideration, then the income arising from such property would be clubbed in the hands of the member who transferred the property and not in the hands of the HUF.
Karta Gift 5 lakh Rupees and Huf makes FD of that Gift then Interest arsing from that FD will be Clubbed in the Hands of KARTA
Please give reference of Case Laws also.
It is specified in the act itself, not required any case law, ITO can club the income in donor's hand without any objection.
If HUF has Minor Member then also ITO can clubbed
HUFs generally have all age members, that doesn't make difference in clubbing provision.
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