https://www.taxtmi.com/caselaws?id=24846 A genuine and binding pre-nuptial arrangement, established through contemporaneous letters, uncontroverted mediator affidavits and surrounding circumstances, obligated the assessee to settle property for children of the second marriage. Performance of that antecedent matrimonial obligation by transferring property to a trust constituted adequate consideration because it was more than love and affection and was measurable in money. The transfer was therefore not gratuitous, and the resulting income was outside the clubbing rule in section 64 of the Income-tax Act, 1961; it was not includible in the assessee's total income. en-us Mon, 01 Aug 1988 00:00:00 +0530 Fri, 22 Jan 2010 17:02:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24846 A genuine and binding pre-nuptial arrangement, established through contemporaneous letters, uncontroverted mediator affidavits and surrounding circumstances, obligated the assessee to settle property for children of the second marriage. Performance of that antecedent matrimonial obligation by transferring property to a trust constituted adequate consideration because it was more than love and affection and was measurable in money. The transfer was therefore not gratuitous, and the resulting income was outside the clubbing rule in section 64 of the Income-tax Act, 1961; it was not includible in the assessee's total income. Case-Laws Income Tax Mon, 01 Aug 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24846