Tribunal Blocks Double Taxation: Spouse's Accepted Income Cannot Be Retaxed u/s 64(1)(ii) of Income Tax Act.

Tribunal Blocks Double Taxation: Spouse's Accepted Income Cannot Be Retaxed u/s 64(1)(ii) of Income Tax Act. https://www.taxtmi.com/highlights?id=74773 Clubbing of income of wife u/s 64 - It Tribunal held that since the income of the Assessee's wife had been accepted in her hands by the Department in scrutiny assessments, the Department was precluded from taxing the same income in the hands of the Assessee under the clubbing provisions of Section 64(1)(ii) of the Act. en-us Fri, 09 Feb 2024 13:37:46 +0530 Fri, 09 Feb 2024 13:37:46 +0530 TaxTMI RSS Generator Tribunal Blocks Double Taxation: Spouse's Accepted Income Cannot Be Retaxed u/s 64(1)(ii) of Income Tax Act. https://www.taxtmi.com/highlights?id=74773 Clubbing of income of wife u/s 64 - It Tribunal held that since the income of the Assessee's wife had been accepted in her hands by the Department in scrutiny assessments, the Department was precluded from taxing the same income in the hands of the Assessee under the clubbing provisions of Section 64(1)(ii) of the Act. Highlights Income Tax Fri, 09 Feb 2024 13:37:46 +0530 https://www.taxtmi.com/highlights?id=74773