COL. H. H. SIR HARINDER SINGH vs C.I.T. PUNJAB, HARYANA, J.& K. & HIMACHAL PRADESH

The Supreme Court held that Section 16(3)(b) of the Income-tax Act, 1922, applies to cases where assets are transferred for the benefit of a wife or minor child, rejecting the argument that it only applies when the corpus is ultimately transferred to them. The Court clarified that the allowance under Section 9(2) is not limited to one residential house, affirming that multiple allowances can be claimed. The appeal was dismissed, upholding the lower courts' decisions regarding the assessment of the appellant's income.