1967 (11) TMI 14 - HC - Income Tax

Whether the income from the property transferred to the assessee s wife could be assessed in the hands of the assessee u/s 16(3) - Held, yes

Summary

The High Court of Madhya Pradesh ruled that an oral transfer of property in lieu of a dower debt without a registered document is ineffective. Therefore, the income from the property remains assessable in the assessee's income. The court directed the assessee to pay all costs of the reference.