The Income Tax Appellate Tribunal (ITAT) in the case of Uday Gopal Bhaskarwar vs ACIT allowed the appeal against CIT(A) and held that the losses which are incurred in the wife’s business are, which was operated by the gift of the husband as the consideration to start the business will clubbing of income into the […]
The post Clubbing of Income: ITAT allows a claim for Set-off of Loss by Husband invested in Wife’s Business [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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