https://www.taxtmi.com/caselaws?id=7316 Section 16(3)(b) of the Indian Income-tax Act, 1922 extends to transfers of property by trust, because the provision targets income from assets transferred otherwise than for adequate consideration for the benefit of the transferor's wife or minor child and is aimed at preventing tax avoidance through trusts. However, the charge applies only where the trust income is for that specified benefit. On the stated facts, a trust settled for the assessee's brother's wife and minor child did not satisfy that condition, so the income was not taxable in the assessee's hands under section 16(3)(b). en-us Fri, 31 May 1968 00:00:00 +0530 Tue, 17 Feb 2009 20:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7316 Section 16(3)(b) of the Indian Income-tax Act, 1922 extends to transfers of property by trust, because the provision targets income from assets transferred otherwise than for adequate consideration for the benefit of the transferor's wife or minor child and is aimed at preventing tax avoidance through trusts. However, the charge applies only where the trust income is for that specified benefit. On the stated facts, a trust settled for the assessee's brother's wife and minor child did not satisfy that condition, so the income was not taxable in the assessee's hands under section 16(3)(b). Case-Laws Income Tax Fri, 31 May 1968 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7316