https://www.taxtmi.com/caselaws?id=23284 The High Court of Patna ruled in favor of the assessee regarding the exemption under section 22 of the Income-tax Act for the property occupied by the firm. The income from the property used by the firm was held to be exempt. However, the Court decided in favor of the Revenue regarding the inclusion of income from the property transferred to the assessee's wife in the taxable income of the assessee. Each party was ordered to bear their own costs in the reference. en-us Fri, 03 Aug 1990 00:00:00 +0530 Fri, 18 Dec 2009 11:03:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23284 The High Court of Patna ruled in favor of the assessee regarding the exemption under section 22 of the Income-tax Act for the property occupied by the firm. The income from the property used by the firm was held to be exempt. However, the Court decided in favor of the Revenue regarding the inclusion of income from the property transferred to the assessee's wife in the taxable income of the assessee. Each party was ordered to bear their own costs in the reference. Case-Laws Income Tax Fri, 03 Aug 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23284