https://www.taxtmi.com/caselaws?id=182641 Insurance policies assigned under Section 6 of the Married Women's Property Act, 1874 were treated as creating a completed trust for the named wife or children, so the policies did not revest in the insured's estate on the beneficiary's death. Section 281 of the Income-tax Act, 1961 was held inapplicable because the relevant previous year and assessment year predated that Act, and no corresponding provision under the 1922 regime was shown. The allegation of fraudulent transfer also failed because service of the assessment order and demand notice was not proved, secondary evidence was not properly laid, and no reliable evidence of fraudulent intent to defeat revenue was established. en-us Tue, 02 May 2006 00:00:00 +0530 Mon, 16 May 2016 15:57:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=182641 Insurance policies assigned under Section 6 of the Married Women's Property Act, 1874 were treated as creating a completed trust for the named wife or children, so the policies did not revest in the insured's estate on the beneficiary's death. Section 281 of the Income-tax Act, 1961 was held inapplicable because the relevant previous year and assessment year predated that Act, and no corresponding provision under the 1922 regime was shown. The allegation of fraudulent transfer also failed because service of the assessment order and demand notice was not proved, secondary evidence was not properly laid, and no reliable evidence of fraudulent intent to defeat revenue was established. Case-Laws Income Tax Tue, 02 May 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=182641