https://www.taxtmi.com/caselaws?id=169158 The Tribunal held that the jointly owned property was equally shared between the assessee and her husband, as specified in the sale deed. Despite the rental income being deposited in the wife's account, the income accrued equally to both owners. The husband had already paid taxes on his 50% share of the income, so the wife was not liable for his portion. The Tribunal set aside previous decisions and ruled in favor of the assessee, emphasizing tax treatment based on actual ownership shares and upholding taxation principles aligned with ownership interests. en-us Wed, 06 Aug 2014 00:00:00 +0530 Mon, 06 Apr 2015 22:06:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=169158 The Tribunal held that the jointly owned property was equally shared between the assessee and her husband, as specified in the sale deed. Despite the rental income being deposited in the wife's account, the income accrued equally to both owners. The husband had already paid taxes on his 50% share of the income, so the wife was not liable for his portion. The Tribunal set aside previous decisions and ruled in favor of the assessee, emphasizing tax treatment based on actual ownership shares and upholding taxation principles aligned with ownership interests. Case-Laws Income Tax Wed, 06 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=169158