https://www.taxtmi.com/caselaws?id=23966 The High Court directed the Income-tax Appellate Tribunal to refer and address specific legal questions regarding the applicability of section 64(1)(vi) and the inclusion of trust income in the assessee's hands. The Tribunal's interpretation concluded that the transfer to the trust did not fall under section 64(1)(vi), citing the insertion of clause (viii) in 1985 as indicative of the legislative intent. The judgment emphasizes the importance of interpreting the provision concerning indirect asset transfers to trusts and the need for clarity in tax legislation. en-us Tue, 11 Jul 1989 00:00:00 +0530 Fri, 15 Jan 2010 15:09:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23966 The High Court directed the Income-tax Appellate Tribunal to refer and address specific legal questions regarding the applicability of section 64(1)(vi) and the inclusion of trust income in the assessee's hands. The Tribunal's interpretation concluded that the transfer to the trust did not fall under section 64(1)(vi), citing the insertion of clause (viii) in 1985 as indicative of the legislative intent. The judgment emphasizes the importance of interpreting the provision concerning indirect asset transfers to trusts and the need for clarity in tax legislation. Case-Laws Income Tax Tue, 11 Jul 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23966