Clubbing of income u/s 64 - Additions of Sale proceeds of the ...

Case Laws Income Tax

December 7, 2023

Clubbing of income u/s 64 - Additions of Sale proceeds of the land belonging to the assessee’s wife claimed to be credited to the assessee’s bank account - Wife has no independent source of income, for her to acquire the said land. Even otherwise, it is apparent that the assessee is managing all the funds belonging to him and his wife - As a corollary, all the income arising to the assessee’s wife would stand to be assessed in his hands, statutorily mandated u/s. 64 of the Act. - AT

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Clubbing of income u/s 64 - Additions of Sale proceeds of the ...

Case Laws Income Tax

December 7, 2023

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