https://www.taxtmi.com/caselaws?id=37884 The Tribunal's appellate power is wide but remains confined to the subject-matter of the appeal, and it may examine a benami contention where it is only another facet of the same controversy over includibility of business income. A finding that a wife is merely a benamidar can be sustained if there is some evidence showing financing and control by the assessee, and such a finding will not be disturbed unless perverse. Section 64(iii) applies only where there is a proximate connection between the transferred asset and the income to be clubbed; income from later accretions or business profits does not automatically satisfy that test. en-us Thu, 02 Mar 1978 00:00:00 +0530 Thu, 01 Apr 2010 15:50:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37884 The Tribunal's appellate power is wide but remains confined to the subject-matter of the appeal, and it may examine a benami contention where it is only another facet of the same controversy over includibility of business income. A finding that a wife is merely a benamidar can be sustained if there is some evidence showing financing and control by the assessee, and such a finding will not be disturbed unless perverse. Section 64(iii) applies only where there is a proximate connection between the transferred asset and the income to be clubbed; income from later accretions or business profits does not automatically satisfy that test. Case-Laws Income Tax Thu, 02 Mar 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37884