https://www.taxtmi.com/caselaws?id=777676 ITAT, BANGALORE (AT) held that capital gain arising from sale of agricultural land gifted by the husband to the assessee is taxable in the hands of the husband under section 64(1)(iv) of the Act. The gift was without adequate consideration, and "income" includes capital gains; therefore the transferor spouse is chargeable. The assessee cannot be assessed for that capital gain and neither party nor Revenue has an option to tax it in the assessee's hands. en-us Mon, 18 Aug 2025 00:00:00 +0530 Wed, 03 Sep 2025 08:19:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777676 ITAT, BANGALORE (AT) held that capital gain arising from sale of agricultural land gifted by the husband to the assessee is taxable in the hands of the husband under section 64(1)(iv) of the Act. The gift was without adequate consideration, and "income" includes capital gains; therefore the transferor spouse is chargeable. The assessee cannot be assessed for that capital gain and neither party nor Revenue has an option to tax it in the assessee's hands. Case-Laws Income Tax Mon, 18 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777676