1986 (11) TMI 10 - HC - Income Tax

Summary

The High Court of Madhya Pradesh ruled in favor of the Revenue, stating that the income from the house property and interest income in the name of the wife should be considered as the income of the assessee. The court found that there was no evidence to support the wife's ownership of the property or income. The Tribunal's decision was upheld, and the assessee was directed to bear their own costs.