https://www.taxtmi.com/caselaws?id=2080 The High Court dismissed the appeal, affirming the Tribunal's decision on clubbing income under section 64(1)(iv) of the Income-tax Act, 1961. The court held that the transfer of a building at a reduced rent constituted inadequate consideration, leading to the income being clubbed with the husbands' income. Additionally, the income from the building was classified as house property income rather than business income, emphasizing the legal requirements for income clubbing and the distinction between income sources. en-us Mon, 16 Jul 2007 00:00:00 +0530 Fri, 01 Aug 2008 20:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=2080 The High Court dismissed the appeal, affirming the Tribunal's decision on clubbing income under section 64(1)(iv) of the Income-tax Act, 1961. The court held that the transfer of a building at a reduced rent constituted inadequate consideration, leading to the income being clubbed with the husbands' income. Additionally, the income from the building was classified as house property income rather than business income, emphasizing the legal requirements for income clubbing and the distinction between income sources. Case-Laws Income Tax Mon, 16 Jul 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=2080