"19 February 1973" Archive

Circular No. 104-Income Tax dated 19-2-1973

Circular No. 104-Income Tax (19/02/1973)

Circular : No. 104-Income Tax On the basis of the decision of the Gujarat High Court in the case of Dayalbhai Madhavji Vadera v. CIT [1966] 60 ITR 551, the Board had issued instructions that if the share of the wife in a firm in which the assessee is a partner is a loss, such loss is not to be considered in the assessment of the husband ...

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