Income Earned and Declared by Wife on Sale of Jointly-Owned Property not taxable at the hands of Husband: ITAT [Read Order]

Income Earned and Declared by Wife on Sale of Jointly-Owned Property - Income Earned and Declared - Sale of Jointly-Owned Property - Jointly-Owned Property - taxable - ITAT - Taxscan

The  Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has recently held that income earned and declared by the wife on sale of joint-owned property is not taxable at the hands of the husband. The aforesaid appeal was filed by the assessee Dilip Divakaran Kanath, who filed his return of income and declared total…

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