Supreme Court affirms inclusion of house property income in total income under Income-tax Act

The Supreme Court upheld the inclusion of income from house property in the total income of the assessee for assessment years 1964-65, 1965-66, and 1966-67. The court found that Section 64 of the Income-tax Act applied as assets were transferred to the spouse without adequate consideration. The appeals were dismissed, and no costs were awarded.

---

---

The Supreme Court upheld the inclusion of income from house property in the total income of the assessee for assessment years 1964-65, 1965-66, and 1966-67. The court found that Section 64 of the Income-tax Act applied as assets were transferred to the spouse without adequate consideration. The appeals were dismissed, and no costs were awarded. Case citation: 1997 (11) TMI 6 - Supreme Court.

---