https://www.taxtmi.com/acts?id=10887 The provision treats interest accruing on a security owned by another person as part of the taxpayer's total income where the taxpayer undertakes a sale and buy-back transaction, the interest accrues to the other person as a result of that transaction, and the income would have been includible in the taxpayer's total income had the transfer not occurred. en-us Thu, 20 Aug 2009 12:50:45 +0530 Thu, 20 Aug 2009 12:50:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=10887 The provision treats interest accruing on a security owned by another person as part of the taxpayer's total income where the taxpayer undertakes a sale and buy-back transaction, the interest accrues to the other person as a result of that transaction, and the income would have been includible in the taxpayer's total income had the transfer not occurred. Act-Rules Bills Thu, 20 Aug 2009 12:50:45 +0530 https://www.taxtmi.com/acts?id=10887