Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 1972 (4) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1972 (4) TMI 30 - ALLAHABAD HIGH COURTWhether the explanation to section 64 can be applied to the total income of either of the parents under section 64(3)(vi) or (v) - instant case falls under clause (iii) of section 64. The income arising to the petitioner from sources other than her share in the partnership are included in the assessment of her husband on the finding that such income arises from the assets transferred by the husband to the petitioner without adequate consideration - petition is allowed in part. The impugned order dated 31st December, 1971, together with the notice of demand issued in pursuance thereof are quashed so far as they pertain to the addition to the petitioners Income arising from sources other than her share in the partnership firm. The Income-tax Officer is permitted to amend the impugned assessment order accordingly
|