https://www.taxtmi.com/caselaws?id=8868 The court ruled in favor of the assessee, determining that the share of profit earned by the assessee's wife from a partnership firm should not be included in the total income of the assessee under section 64(iii) of the Income-tax Act, 1961. The court found that the income arose primarily from the wife's active participation in the partnership, not directly from the gifts made by the assessee. The court emphasized that the connection between the income and the gifts was too remote to warrant inclusion under section 64(iii), distinguishing it from cases involving interest income. en-us Tue, 24 Apr 1973 00:00:00 +0530 Tue, 16 Jun 2009 13:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8868 The court ruled in favor of the assessee, determining that the share of profit earned by the assessee's wife from a partnership firm should not be included in the total income of the assessee under section 64(iii) of the Income-tax Act, 1961. The court found that the income arose primarily from the wife's active participation in the partnership, not directly from the gifts made by the assessee. The court emphasized that the connection between the income and the gifts was too remote to warrant inclusion under section 64(iii), distinguishing it from cases involving interest income. Case-Laws Income Tax Tue, 24 Apr 1973 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8868