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1972 (1) TMI 23 - KARNATAKA HIGH COURT
Whether on the facts and in the circumstances of the case and on a proper interpretation of section 16(3) of the Indian Income-tax Act, 1922, and of section 64 of the Income-tax Act, 1961 the share of the losses of the wife of the assessee in registered firms where the assessee is also a partner could be set off against the income of the assessee while computing the total income – Question is answered in the affirmative and in favour of the assessee