Chapter XII-DA - SPECIAL PROVISIONS RELATING TO TAX ON DISTRIBUTED INCOME OF DOMESTIC COMPANY FOR BUY-BACK OF SHARES (From Section 115QA to Section 115QC)
Part C - Procedure for filing of return in respect of fringe benefits, assessment and payment of tax in respect thereof (From Section 115WD to Section 115WM)
Chapter XX-B - REQUIREMENT AS TO MODE OF ACCEPTANCE, PAYMENT OR REPAYMENT IN CERTAIN CASES TO COUNTERACT EVASION OF TAX (From Section 269SS to Section 269TT)
Revocable transfer of assets makes income taxable as the transferor's income and included in his total income. Income arising from a revocable transfer of assets is chargeable to income-tax as the income of the transferor and shall be included in his total income; the revocability of the transfer results in attribution of income to the transferor rather than the transferee.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Revocable transfer of assets makes income taxable as the transferor's income and included in his total income.
Income arising from a revocable transfer of assets is chargeable to income-tax as the income of the transferor and shall be included in his total income; the revocability of the transfer results in attribution of income to the transferor rather than the transferee.
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