https://www.taxtmi.com/caselaws?id=56897 The Tribunal allowed the appeal, ruling in favor of the assessee, by determining that the wife's share of profit should not be included in the total income as it did not meet the criteria specified under s. 64(1)(ii) of the Act. The Tribunal emphasized that the assessee did not have a substantial interest in the firm and clarified that the wife's share of profit did not qualify as "any other form of remuneration" as per the provision. Consequently, the Tribunal deleted the wife's share of profit from the assessee's total income. en-us Thu, 30 Sep 1982 00:00:00 +0530 Tue, 07 Dec 2010 12:55:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56897 The Tribunal allowed the appeal, ruling in favor of the assessee, by determining that the wife's share of profit should not be included in the total income as it did not meet the criteria specified under s. 64(1)(ii) of the Act. The Tribunal emphasized that the assessee did not have a substantial interest in the firm and clarified that the wife's share of profit did not qualify as "any other form of remuneration" as per the provision. Consequently, the Tribunal deleted the wife's share of profit from the assessee's total income. Case-Laws Income Tax Thu, 30 Sep 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56897