https://www.taxtmi.com/caselaws?id=17129 The HC upheld the Tribunal's decision that the assessee's case fell within section 64(1)(iv) of the Income-tax Act, 1961. The assessee transferred money to his wife without adequate consideration and not in connection with an agreement to live apart. Consequently, the interest income of Rs. 14,652 earned by the wife was properly included in the assessee's taxable income. The court answered the referred question in favor of the Revenue, confirming the assessee's liability for assessment on his spouse's interest income under the clubbing provisions. en-us Wed, 11 Feb 1998 00:00:00 +0530 Tue, 08 Jul 2025 12:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17129 The HC upheld the Tribunal's decision that the assessee's case fell within section 64(1)(iv) of the Income-tax Act, 1961. The assessee transferred money to his wife without adequate consideration and not in connection with an agreement to live apart. Consequently, the interest income of Rs. 14,652 earned by the wife was properly included in the assessee's taxable income. The court answered the referred question in favor of the Revenue, confirming the assessee's liability for assessment on his spouse's interest income under the clubbing provisions. Case-Laws Income Tax Wed, 11 Feb 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17129