https://www.taxtmi.com/caselaws?id=63115 Jointly acquired flat financed from the independent salaries of an assessee and his wife, with loan repayment routed through a joint account, could not be treated as acquired mainly from the assessee's own savings. Because the spouses' incomes were distinct, the wife's income was not includible under section 64 of the Income-tax Act, and the respective shares in the property were not definite or ascertainable, the income from the flat was assessable in the status of an Association of Persons rather than in the assessee's individual hands. en-us Sun, 30 Oct 1983 00:00:00 +0530 Thu, 27 Jan 2011 18:38:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63115 Jointly acquired flat financed from the independent salaries of an assessee and his wife, with loan repayment routed through a joint account, could not be treated as acquired mainly from the assessee's own savings. Because the spouses' incomes were distinct, the wife's income was not includible under section 64 of the Income-tax Act, and the respective shares in the property were not definite or ascertainable, the income from the flat was assessable in the status of an Association of Persons rather than in the assessee's individual hands. Case-Laws Income Tax Sun, 30 Oct 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63115