https://www.taxtmi.com/caselaws?id=56568 The Tribunal upheld the inclusion of daughters-in-law's share income in the assessee's total income under section 64(1)(vi) of the Income-tax Act, 1961. Despite the withdrawal and deposit of funds, the Tribunal emphasized the direct connection between the gifted amounts and the share income, dismissing the appeal and affirming the tax authorities' application of the provision. The decision underscored the objective interpretation of tax laws and rejected the assessee's arguments against applicability, citing factual distinctions and upholding the AAC's order. en-us Sat, 17 Jul 1982 00:00:00 +0530 Sat, 04 Dec 2010 15:47:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56568 The Tribunal upheld the inclusion of daughters-in-law's share income in the assessee's total income under section 64(1)(vi) of the Income-tax Act, 1961. Despite the withdrawal and deposit of funds, the Tribunal emphasized the direct connection between the gifted amounts and the share income, dismissing the appeal and affirming the tax authorities' application of the provision. The decision underscored the objective interpretation of tax laws and rejected the assessee's arguments against applicability, citing factual distinctions and upholding the AAC's order. Case-Laws Income Tax Sat, 17 Jul 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56568