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)
Irrevocable transfer treatment: income excluded from attribution until revocation power arises, then charged to transferor. Section 62 excludes from section 61 transfers that are irrevocable during the beneficiary's or transferee's lifetime, and certain transfers made before the specified date not revocable for a defined period, provided the transferor derives no direct or indirect benefit; however, if the power to revoke subsequently arises all income from the transfer is chargeable to the transferor and included in his total income when that power materialises.
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.
Irrevocable transfer treatment: income excluded from attribution until revocation power arises, then charged to transferor.
Section 62 excludes from section 61 transfers that are irrevocable during the beneficiary's or transferee's lifetime, and certain transfers made before the specified date not revocable for a defined period, provided the transferor derives no direct or indirect benefit; however, if the power to revoke subsequently arises all income from the transfer is chargeable to the transferor and included in his total income when that power materialises.
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