https://www.taxtmi.com/caselaws?id=36673 For the proviso to section 23(2) of the Income-tax Act, "total income of the owner" is read in the sense of section 2(45) and includes income assessable in the owner's hands under section 64; the proviso contains no exclusion for such deemed income, so the issue was answered against the assessee. Total income under section 5 is not equivalent to "gross total income" under section 80B(5), because gross total income is a separately defined concept computed before Chapter VI-A deductions and without applying section 64; this issue was answered in favour of the assessee. en-us Tue, 11 Sep 1979 00:00:00 +0530 Tue, 23 Mar 2010 18:11:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36673 For the proviso to section 23(2) of the Income-tax Act, "total income of the owner" is read in the sense of section 2(45) and includes income assessable in the owner's hands under section 64; the proviso contains no exclusion for such deemed income, so the issue was answered against the assessee. Total income under section 5 is not equivalent to "gross total income" under section 80B(5), because gross total income is a separately defined concept computed before Chapter VI-A deductions and without applying section 64; this issue was answered in favour of the assessee. Case-Laws Income Tax Tue, 11 Sep 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36673