In the return of income the  assessee has   clubbed loss from the business of  his  spouse  in view of the provisions of  section 64 of the Act  which she has suffered in the business of Futures and Options (F & O), which was disallowed by the  AO . On appeal the Tribunal held that  in view of  Explanation 3 To Section 64(1)(Iv) entire amount of  loss resulting from business of  F&O incurred by  assessee’s wife was liable to be clubbed in hands of  assessee for purpose of  set off. (AY. 2014-15)