https://www.taxtmi.com/highlights?id=51361 Clubbing of income of spouse - Non-allowing of set off of business loss - Going by the Explanation 3 read in conjunction with section 64(1)(iv) of the Act, the entire amount of loss resulting from the business of F&O with the gifts received from the assessee is liable to be clubbed in the hands of the assessee. - Claim allowed. en-us Wed, 22 Jan 2020 10:17:18 +0530 Wed, 22 Jan 2020 10:17:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=51361 Clubbing of income of spouse - Non-allowing of set off of business loss - Going by the Explanation 3 read in conjunction with section 64(1)(iv) of the Act, the entire amount of loss resulting from the business of F&O with the gifts received from the assessee is liable to be clubbed in the hands of the assessee. - Claim allowed. Highlights Income Tax Wed, 22 Jan 2020 10:17:18 +0530 https://www.taxtmi.com/highlights?id=51361