https://www.taxtmi.com/caselaws?id=37479 Section 64(iii) of the Income-tax Act was held to apply to a trust-based, circuitous transfer made for the benefit of the assessee's spouse, because the words "directly or indirectly" were wide enough to catch an arranged device that routed income through another person. Once the transfer fell within the provision, the income arising from the transferred assets was required to be clubbed in the assessee's total income, as the facts showed no adequate consideration or basis to exclude the spouse-linked income. The court thus treated indirect transfers through a trust as within the anti-avoidance clubbing rule and answered the reference for the revenue. en-us Thu, 04 May 1978 00:00:00 +0530 Tue, 30 Mar 2010 10:54:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37479 Section 64(iii) of the Income-tax Act was held to apply to a trust-based, circuitous transfer made for the benefit of the assessee's spouse, because the words "directly or indirectly" were wide enough to catch an arranged device that routed income through another person. Once the transfer fell within the provision, the income arising from the transferred assets was required to be clubbed in the assessee's total income, as the facts showed no adequate consideration or basis to exclude the spouse-linked income. The court thus treated indirect transfers through a trust as within the anti-avoidance clubbing rule and answered the reference for the revenue. Case-Laws Income Tax Thu, 04 May 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37479