1965 (10) TMI 2

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....ed to us under section 66(1) of the Indian Income-tax Act : (1) Whether the provisions of section 16(3)(a)(iii) apply to the facts of this case? (2) Consequently, whether the income of Rs. 2,044 from the house property in Bunder Street, Madras, is taxable in the assessee's hands ? The Tribunal found that the transfer of the sum of Rs. 45,000 was by way of gift to the wife and that the sta....