https://www.taxtmi.com/caselaws?id=25685 Gifts routed through named recipients were treated as indirect transfers to the intended beneficiaries where the record showed they were links in the same chain, supported by common causation and motivation. On that factual basis, the transfers were not viewed as independent gifts to the named recipients but as transfers to the real beneficiaries, making them includible in the assessees' net wealth under section 4(1)(a) of the Wealth-tax Act, 1957. en-us Wed, 24 Sep 1986 00:00:00 +0530 Sat, 30 Jan 2010 11:51:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25685 Gifts routed through named recipients were treated as indirect transfers to the intended beneficiaries where the record showed they were links in the same chain, supported by common causation and motivation. On that factual basis, the transfers were not viewed as independent gifts to the named recipients but as transfers to the real beneficiaries, making them includible in the assessees' net wealth under section 4(1)(a) of the Wealth-tax Act, 1957. Case-Laws Wealth-tax Wed, 24 Sep 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25685