https://www.taxtmi.com/highlights?id=73452 Clubbing of income u/s 64 - Additions of Sale proceeds of the land belonging to the assessee’s wife claimed to be credited to the assessee’s bank account - Wife has no independent source of income, for her to acquire the said land. Even otherwise, it is apparent that the assessee is managing all the funds belonging to him and his wife - As a corollary, all the income arising to the assessee’s wife would stand to be assessed in his hands, statutorily mandated u/s. 64 of the Act. - AT en-us Thu, 07 Dec 2023 12:57:22 +0530 Thu, 07 Dec 2023 15:45:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=73452 Clubbing of income u/s 64 - Additions of Sale proceeds of the land belonging to the assessee’s wife claimed to be credited to the assessee’s bank account - Wife has no independent source of income, for her to acquire the said land. Even otherwise, it is apparent that the assessee is managing all the funds belonging to him and his wife - As a corollary, all the income arising to the assessee’s wife would stand to be assessed in his hands, statutorily mandated u/s. 64 of the Act. - AT Highlights Income Tax Thu, 07 Dec 2023 12:57:22 +0530 https://www.taxtmi.com/highlights?id=73452