https://www.taxtmi.com/caselaws?id=8590 Under the clubbing provisions corresponding to section 16(3) of the 1922 Act and section 64 of the 1961 Act, a spouse's share of loss from a partnership firm may be treated as the assessee's own loss for set-off purposes. The provision was read as an anti-avoidance rule aimed at preventing tax reduction through family admissions into firms, and a binding departmental circular was taken to support the equitable construction that the spouse's loss should be included in the assessee's computation. The circular was regarded as binding on income-tax authorities, and the contrary view of the Gujarat High Court was not accepted. en-us Thu, 13 Jan 1972 00:00:00 +0530 Tue, 05 May 2009 16:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8590 Under the clubbing provisions corresponding to section 16(3) of the 1922 Act and section 64 of the 1961 Act, a spouse's share of loss from a partnership firm may be treated as the assessee's own loss for set-off purposes. The provision was read as an anti-avoidance rule aimed at preventing tax reduction through family admissions into firms, and a binding departmental circular was taken to support the equitable construction that the spouse's loss should be included in the assessee's computation. The circular was regarded as binding on income-tax authorities, and the contrary view of the Gujarat High Court was not accepted. Case-Laws Income Tax Thu, 13 Jan 1972 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8590