Case Law Details
Case Name : ITO Vs Ayesha Abid Ali (ITAT Hyderabad)
Related Assessment Year : 2006-07
Courts :
All ITAT ITAT Hyderabad
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ITO Vs Ayesha Abid Ali (ITAT Hyderabad)
We find that the Assessing Officer has made the addition in the hands of the assessee of interest income from an A/c with HSBC held by the assessee jointly with her husband which was opened by his employer to deposit his salary income. Therefore, it is not an undisclosed foreign a/c of the assessee and therefore, the exception (d) to the circular will not apply. Therefore, this M.A is dismissed.
FULL TEXT OF THE ORDER OF ITAT HYDERABAD
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My wife holding saving account and I am secondary joint account holder. Interest income is credited in this joint account. I have also separate individual account and PAN number. My wife having her own PAN number. I include interest income from my individual account for Income Tax. Is it correct or not….