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            Income Transferred to AOP for Son's Wife Included in Transferor's Income Under Section 64(1)(viii) of Income Tax Act.

            Income transferred to an association of persons (AOP) for the benefit of an individual's son's wife, without adequate consideration, will be included in the income of the transferor under Section 64(1)(viii) of the Income Tax Act. The conditions for this include that the transfer must be without adequate consideration and that the term "wife" refers to a legally wedded wife. This provision aims to prevent tax avoidance by transferring assets to relatives without proper compensation.

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