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Income Tax - Highlights / Catch Notes

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Clubbing of income of wife u/s 64 - It Tribunal held that since ...


Tribunal Blocks Double Taxation: Spouse's Accepted Income Cannot Be Retaxed u/s 64(1)(ii) of Income Tax Act.

February 9, 2024

Case Laws     Income Tax     AT

Clubbing of income of wife u/s 64 - It Tribunal held that since the income of the Assessee's wife had been accepted in her hands by the Department in scrutiny assessments, the Department was precluded from taxing the same income in the hands of the Assessee under the clubbing provisions of Section 64(1)(ii) of the Act.

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