1981 (5) TMI 36 - AT - Income Tax

Summary

The ITAT Ahmedabad-B allowed the appeal of an individual whose wife's income was added to his total income by the ITO under section 64(1)(ii), stating that her experience and expertise as a Director in private companies qualified her for the position. The tribunal also ruled in favor of the assessee regarding capital gains from share transfer and upheld the disallowance of certain fees. The appeal was partly allowed.