The Delhi High Court has set aside an assessment order raising a demand of ₹2.85 crore, holding that an assessee cannot be saddled with tax liability for the financial contribution of a co-owner, even if the co-owner is a spouse. The bench of Justice Dinesh Mehta and Justice Vinod Kumar observed that the property in question…
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Co-owner’s Share Can’t Be Taxed in Assessee’s Hands, Even If The Co-Owner Is A Spouse: Delhi High Court
Mariya Paliwalahttps://www.jurishour.in/
Mariya is the Senior Editor at Juris Hour. She has 7+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started her career as a freelance tax reporter in the leading online legal news companies.
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