https://www.taxtmi.com/caselaws?id=24632 The court ruled in favor of the Revenue, holding that the entire Annual Letting Value (ALV) attributable to Rs. 36,516 should be included in the income of the assessee, rejecting the argument that only the ALV proportionate to Rs. 10,000 should be included. The court emphasized the direct and proximate connection between the income and the transfer of assets to the spouse, in line with precedent cases, and concluded that the ALV should be fully included in the assessee's income under section 64(1)(iv) of the Income-tax Act, 1961. en-us Wed, 13 Apr 1988 00:00:00 +0530 Thu, 21 Jan 2010 13:26:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24632 The court ruled in favor of the Revenue, holding that the entire Annual Letting Value (ALV) attributable to Rs. 36,516 should be included in the income of the assessee, rejecting the argument that only the ALV proportionate to Rs. 10,000 should be included. The court emphasized the direct and proximate connection between the income and the transfer of assets to the spouse, in line with precedent cases, and concluded that the ALV should be fully included in the assessee's income under section 64(1)(iv) of the Income-tax Act, 1961. Case-Laws Income Tax Wed, 13 Apr 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24632