Apportionment of income between spouses governed by Portuguese ...

Case Laws Income Tax

August 26, 2023

Apportionment of income between spouses governed by Portuguese Civil Code - The provisions of Clause (e) of Section 2(22) of the Income Tax Act, 1961, in the present case would, therefore, fully apply to the husband appellant, who would be the owner of the entire 33% share in each of the concerned companies with the entire voting power (which is more than 20% in such company, to the exclusion of the wife) - Claim of the assessee rejected - HC

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Apportionment of income between spouses governed by Portuguese ...

Case Laws Income Tax

August 26, 2023

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