https://www.taxtmi.com/caselaws?id=22504 Under section 64(1)(i) of the Income-tax Act, 1961, the spouse's share of loss in a partnership firm where both spouses are partners can be carried forward and set off in the assessee's hands. The earlier contrary view was held unsustainable in light of Supreme Court authority recognising that the assessee may claim not only his or her own loss but also the spouse-linked loss for tax set-off purposes. The legal effect is that the spouse's allocated partnership loss is treated as available to the assessee for carry forward and adjustment against other income. en-us Tue, 19 Mar 1991 00:00:00 +0530 Thu, 10 Dec 2009 16:58:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22504 Under section 64(1)(i) of the Income-tax Act, 1961, the spouse's share of loss in a partnership firm where both spouses are partners can be carried forward and set off in the assessee's hands. The earlier contrary view was held unsustainable in light of Supreme Court authority recognising that the assessee may claim not only his or her own loss but also the spouse-linked loss for tax set-off purposes. The legal effect is that the spouse's allocated partnership loss is treated as available to the assessee for carry forward and adjustment against other income. Case-Laws Income Tax Tue, 19 Mar 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22504