https://www.taxtmi.com/acts?id=11774 Total income includes income accruing to a non-resident where a person transfers an asset, with or without associated operations, to that non-resident and acquires rights conferring the power to enjoy the income or receives a capital sum connected to the transfer; indirect benefits (enuring for the person, asset value increases, entitlement to benefits, exercise of appointment or control over application) are treated as enjoyment. Determination depends on the substantial result and all benefits from the transfer, and the section is inapplicable if the Assessing Officer is satisfied the transactions were bona fide commercial and not tax-avoidance. en-us Fri, 17 Sep 2010 10:27:13 +0530 Fri, 17 Sep 2010 10:27:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=11774 Total income includes income accruing to a non-resident where a person transfers an asset, with or without associated operations, to that non-resident and acquires rights conferring the power to enjoy the income or receives a capital sum connected to the transfer; indirect benefits (enuring for the person, asset value increases, entitlement to benefits, exercise of appointment or control over application) are treated as enjoyment. Determination depends on the substantial result and all benefits from the transfer, and the section is inapplicable if the Assessing Officer is satisfied the transactions were bona fide commercial and not tax-avoidance. Act-Rules Bills Fri, 17 Sep 2010 10:27:13 +0530 https://www.taxtmi.com/acts?id=11774