https://www.taxtmi.com/caselaws?id=414218 A trust deed that lets the settlor, who is also the sole beneficiary, terminate the trust and re-assume control over the fund and its proceeds creates a revocable transfer under the Income-tax Act. Income arising from such a transfer is assessable as the transferor's income, and representative-assessment provisions may also apply to the trustee. The foreign law character of the trust does not exclude Sections 61, 63, 160, 161 or 166, and a foreign trust may still fall within the Act. Treaty protection under Article 24 of the India-UAE DTAA was recognised on the facts, so the trust income was not chargeable in India. en-us Thu, 28 Oct 2021 00:00:00 +0530 Tue, 09 Aug 2022 17:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414218 A trust deed that lets the settlor, who is also the sole beneficiary, terminate the trust and re-assume control over the fund and its proceeds creates a revocable transfer under the Income-tax Act. Income arising from such a transfer is assessable as the transferor's income, and representative-assessment provisions may also apply to the trustee. The foreign law character of the trust does not exclude Sections 61, 63, 160, 161 or 166, and a foreign trust may still fall within the Act. Treaty protection under Article 24 of the India-UAE DTAA was recognised on the facts, so the trust income was not chargeable in India. Case-Laws Income Tax Thu, 28 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414218