Clubbing of income: tax authority seeks reports on divorces allegedly arranged to defeat clubbing and wealth tax provisions. The Board directed income-tax officers to identify and report cases where divorces appear contrived to evade clubbing of income rules (including section 64 and S.4 of the Wealth Tax Act), providing case particulars and three specific data points: number of suspected cases, nature of evidence of tax-motivated divorce, and approximate first-year tax effect covering income-tax and wealth-tax.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Clubbing of income: tax authority seeks reports on divorces allegedly arranged to defeat clubbing and wealth tax provisions.
The Board directed income-tax officers to identify and report cases where divorces appear contrived to evade clubbing of income rules (including section 64 and S.4 of the Wealth Tax Act), providing case particulars and three specific data points: number of suspected cases, nature of evidence of tax-motivated divorce, and approximate first-year tax effect covering income-tax and wealth-tax.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
