https://www.taxtmi.com/caselaws?id=27358 The court upheld the Income-tax Appellate Tribunal's decision to exclude the managing director's salary from assessment in the assessee's hands and direct its assessment in the spouse's hands. It was determined that the assessee did not possess technical or professional qualifications as required by the proviso to section 64(1)(ii) of the Income-tax Act, 1961. The court emphasized that mere possession of a degree qualification without specific technical or professional relevance to the position does not meet the proviso's requirements for income attribution. Thus, the salary was rightly assessed in the spouse's hands due to the lack of technical or professional qualifications by the assessee. en-us Wed, 14 Dec 1983 00:00:00 +0530 Fri, 12 Feb 2010 13:16:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27358 The court upheld the Income-tax Appellate Tribunal's decision to exclude the managing director's salary from assessment in the assessee's hands and direct its assessment in the spouse's hands. It was determined that the assessee did not possess technical or professional qualifications as required by the proviso to section 64(1)(ii) of the Income-tax Act, 1961. The court emphasized that mere possession of a degree qualification without specific technical or professional relevance to the position does not meet the proviso's requirements for income attribution. Thus, the salary was rightly assessed in the spouse's hands due to the lack of technical or professional qualifications by the assessee. Case-Laws Income Tax Wed, 14 Dec 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27358