https://www.taxtmi.com/caselaws?id=8332 The High Court upheld the Tribunal's decision, affirming that the income from the property was assessable in the hands of the assessee under Section 64(iii) of the Income-tax Act, 1961. The court emphasized that the provisions of Section 64(iii) were broad enough to include income arising indirectly from assets transferred by the assessee to his wife. The answer to the referred question was in the affirmative and against the assessee. en-us Tue, 27 Apr 1971 00:00:00 +0530 Thu, 09 Apr 2009 18:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8332 The High Court upheld the Tribunal's decision, affirming that the income from the property was assessable in the hands of the assessee under Section 64(iii) of the Income-tax Act, 1961. The court emphasized that the provisions of Section 64(iii) were broad enough to include income arising indirectly from assets transferred by the assessee to his wife. The answer to the referred question was in the affirmative and against the assessee. Case-Laws Income Tax Tue, 27 Apr 1971 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8332