https://www.taxtmi.com/caselaws?id=20454 Income arising from a transfer that is revocable by operation of law falls within section 61 of the Income-tax Act, 1961, because section 63 enlarges the meaning of "revocable" rather than restricting its ordinary legal sense. On that reading, gifts made by a husband to his wife were revocable where the governing Portuguese Civil Code allowed such gifts to be freely cancelled by the donor. The gifts were therefore revocable transfers, and the reference was answered in favour of the Revenue. en-us Mon, 30 Aug 1993 00:00:00 +0530 Sat, 14 Nov 2009 10:53:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20454 Income arising from a transfer that is revocable by operation of law falls within section 61 of the Income-tax Act, 1961, because section 63 enlarges the meaning of "revocable" rather than restricting its ordinary legal sense. On that reading, gifts made by a husband to his wife were revocable where the governing Portuguese Civil Code allowed such gifts to be freely cancelled by the donor. The gifts were therefore revocable transfers, and the reference was answered in favour of the Revenue. Case-Laws Income Tax Mon, 30 Aug 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20454