https://www.taxtmi.com/caselaws?id=37355 The clubbing provision applied to trust-generated interest income where the assessee had contributed the substantial part of the trust property and the arrangement ultimately transferred part of that contribution to the wife without adequate consideration. Interposing trustees and the lapse of the trust period did not break the chain of indirect transfer, because the statutory language covered both direct and indirect transfers. The wife's income was therefore includible in the husband's hands only to the extent attributable to his contribution; on these facts, 3/5ths was assessable, not 4/5ths. en-us Fri, 12 Jan 1979 00:00:00 +0530 Mon, 29 Mar 2010 12:20:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37355 The clubbing provision applied to trust-generated interest income where the assessee had contributed the substantial part of the trust property and the arrangement ultimately transferred part of that contribution to the wife without adequate consideration. Interposing trustees and the lapse of the trust period did not break the chain of indirect transfer, because the statutory language covered both direct and indirect transfers. The wife's income was therefore includible in the husband's hands only to the extent attributable to his contribution; on these facts, 3/5ths was assessable, not 4/5ths. Case-Laws Income Tax Fri, 12 Jan 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37355