https://www.taxtmi.com/caselaws?id=13811 Premiums paid by a husband for a life insurance policy taken for his wife's benefit may amount to a transfer of cash assets to the spouse for section 64(1)(iv) of the Income-tax Act, 1961. The Married Women's Property Act, 1874 does not prevent application of that clubbing provision, because it only protects policy proceeds as the wife's separate property. Where the maturity proceeds represent transformed premiums, interest earned on investment of those proceeds retains an indirect nexus with the transferred assets and is includible in the husband's income. en-us Fri, 10 Nov 2000 00:00:00 +0530 Fri, 03 Jul 2009 10:32:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13811 Premiums paid by a husband for a life insurance policy taken for his wife's benefit may amount to a transfer of cash assets to the spouse for section 64(1)(iv) of the Income-tax Act, 1961. The Married Women's Property Act, 1874 does not prevent application of that clubbing provision, because it only protects policy proceeds as the wife's separate property. Where the maturity proceeds represent transformed premiums, interest earned on investment of those proceeds retains an indirect nexus with the transferred assets and is includible in the husband's income. Case-Laws Income Tax Fri, 10 Nov 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13811