https://www.taxtmi.com/caselaws?id=276605 Income arising under an irrevocable family arrangement was treated as falling within the extended meaning of settlement or disposition under Section 16(1)(c) of the Income-tax Act, 1922, because the capital continued to belong to the settlor. The third proviso nevertheless applied because the settlement was not revocable for the relevant period and the settlor derived no direct or indirect benefit from it. The beneficiary had complete freedom to use the income, and the settlor retained no power of disposition over it. A possible maintenance claim by the wife did not amount to a benefit to the settlor, so the income was not assessable as the settlor's income. en-us Mon, 11 Sep 1944 00:00:00 +0630 Wed, 14 Nov 2018 15:56:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=276605 Income arising under an irrevocable family arrangement was treated as falling within the extended meaning of settlement or disposition under Section 16(1)(c) of the Income-tax Act, 1922, because the capital continued to belong to the settlor. The third proviso nevertheless applied because the settlement was not revocable for the relevant period and the settlor derived no direct or indirect benefit from it. The beneficiary had complete freedom to use the income, and the settlor retained no power of disposition over it. A possible maintenance claim by the wife did not amount to a benefit to the settlor, so the income was not assessable as the settlor's income. Case-Laws Income Tax Mon, 11 Sep 1944 00:00:00 +0630 https://www.taxtmi.com/caselaws?id=276605