https://www.taxtmi.com/manuals?id=1174 Transfer for clubbing provisions includes settlements, trusts, covenants, agreements or arrangements. A transfer is revocable where it provides for re-transfer of income or assets to the transferor, or gives the transferor a direct or indirect right to re-assume power over them. Revocability is not confined to an express or unconditional power of cancellation; even a contingent or consent-based revocation mechanism may suffice if it preserves the transferor's ability to regain control. en-us Tue, 15 Sep 2015 12:23:00 +0530 Tue, 23 Jun 2026 18:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=1174 Transfer for clubbing provisions includes settlements, trusts, covenants, agreements or arrangements. A transfer is revocable where it provides for re-transfer of income or assets to the transferor, or gives the transferor a direct or indirect right to re-assume power over them. Revocability is not confined to an express or unconditional power of cancellation; even a contingent or consent-based revocation mechanism may suffice if it preserves the transferor's ability to regain control. Manuals Income Tax Tue, 15 Sep 2015 12:23:00 +0530 https://www.taxtmi.com/manuals?id=1174