https://www.taxtmi.com/caselaws?id=37640 The High Court held that the transfer of immovable properties by the assessee to his wife was not for adequate consideration. Therefore, the income from these properties should be included in the assessee's total income under Section 64(1)(iii) of the Income-tax Act, 1961. The Tribunal's decision was overturned, and the assessee was directed to pay the costs of the revenue. en-us Thu, 29 Sep 1977 00:00:00 +0530 Wed, 31 Mar 2010 11:13:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37640 The High Court held that the transfer of immovable properties by the assessee to his wife was not for adequate consideration. Therefore, the income from these properties should be included in the assessee's total income under Section 64(1)(iii) of the Income-tax Act, 1961. The Tribunal's decision was overturned, and the assessee was directed to pay the costs of the revenue. Case-Laws Income Tax Thu, 29 Sep 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37640