https://www.taxtmi.com/caselaws?id=57683 The Appellate Tribunal ITAT Bangalore considered the interpretation of section 64(1)(ii) of the Income Tax Act regarding the inclusion of share income from a firm in an individual's assessment. The Tribunal overturned the decision to include the wife's share income in the husband's assessment, ruling that both spouses must have assessable share income for clubbing provisions to apply. The Tribunal referred to a previous case and the Andhra Pradesh High Court judgment, concluding that the inclusion was incorrect. Consequently, the appeals were allowed in favor of the assessee, reversing the inclusion of the share income in the husband's assessment. en-us Wed, 14 Mar 1979 00:00:00 +0530 Mon, 13 Dec 2010 09:42:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57683 The Appellate Tribunal ITAT Bangalore considered the interpretation of section 64(1)(ii) of the Income Tax Act regarding the inclusion of share income from a firm in an individual's assessment. The Tribunal overturned the decision to include the wife's share income in the husband's assessment, ruling that both spouses must have assessable share income for clubbing provisions to apply. The Tribunal referred to a previous case and the Andhra Pradesh High Court judgment, concluding that the inclusion was incorrect. Consequently, the appeals were allowed in favor of the assessee, reversing the inclusion of the share income in the husband's assessment. Case-Laws Income Tax Wed, 14 Mar 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57683