https://www.taxtmi.com/caselaws?id=18466 A wife's partnership share income was not taxable in the husband's hands under clubbing provisions because the Revenue failed to prove that the income arose from assets transferred directly or indirectly by him. The court accepted the concurrent factual finding that the wife's admission as a partner and her capital contribution were not shown to be the source of the share income in the manner required by section 64(1)(iii), and that capital contribution was not established as a necessary condition for becoming a partner. The reference was therefore answered in favour of the assessee. en-us Tue, 16 Jan 1996 00:00:00 +0530 Thu, 01 Oct 2009 11:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18466 A wife's partnership share income was not taxable in the husband's hands under clubbing provisions because the Revenue failed to prove that the income arose from assets transferred directly or indirectly by him. The court accepted the concurrent factual finding that the wife's admission as a partner and her capital contribution were not shown to be the source of the share income in the manner required by section 64(1)(iii), and that capital contribution was not established as a necessary condition for becoming a partner. The reference was therefore answered in favour of the assessee. Case-Laws Income Tax Tue, 16 Jan 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18466