https://www.taxtmi.com/caselaws?id=62164 The Appellate Tribunal ITAT Cochin remanded the case concerning the assessability of share income received by the assessee's wife in the hands of the assessee under s. 64(1) of the IT Act back to the ITO for further investigation. The Tribunal emphasized the need for a comprehensive examination of the transaction, highlighting the lack of conclusive evidence and the importance of scrutinizing all relevant circumstances involving the parties. The decision to remand the matter underscored the necessity for a more detailed inquiry before reaching a final determination. en-us Tue, 19 May 1981 00:00:00 +0530 Tue, 18 Jan 2011 13:36:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62164 The Appellate Tribunal ITAT Cochin remanded the case concerning the assessability of share income received by the assessee's wife in the hands of the assessee under s. 64(1) of the IT Act back to the ITO for further investigation. The Tribunal emphasized the need for a comprehensive examination of the transaction, highlighting the lack of conclusive evidence and the importance of scrutinizing all relevant circumstances involving the parties. The decision to remand the matter underscored the necessity for a more detailed inquiry before reaching a final determination. Case-Laws Income Tax Tue, 19 May 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62164