https://www.taxtmi.com/caselaws?id=66933 The tribunal held that income from a property purchased by the wife using funds gifted by her husband is taxable in the husband's hands under section 64(1)(iv) of the Income-tax Act, 1961. The tribunal based its decision on the legislative intent behind the relevant provisions and established legal principles from previous judicial decisions. By revoking the lower authority's directions and restoring the assessment orders, the tribunal allowed the revenue's appeals. en-us Thu, 27 Jun 1985 00:00:00 +0530 Tue, 08 Mar 2011 12:14:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66933 The tribunal held that income from a property purchased by the wife using funds gifted by her husband is taxable in the husband's hands under section 64(1)(iv) of the Income-tax Act, 1961. The tribunal based its decision on the legislative intent behind the relevant provisions and established legal principles from previous judicial decisions. By revoking the lower authority's directions and restoring the assessment orders, the tribunal allowed the revenue's appeals. Case-Laws Income Tax Thu, 27 Jun 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66933