https://www.taxtmi.com/caselaws?id=38652 A trust is not treated as revocable under the first proviso to section 16(1)(c) of the Indian Income-tax Act, 1922 unless the deed itself enables the settlor to reassume power, directly or indirectly, over the income or assets by retransfer or equivalent control. On a proper reading of the trust deed and rectification deed, the clause excluding accountability and the powers reserved to the settlor as trustee did not create any legal right to take the trust property or income outside the trust. The disputed income therefore could not be included in the assessee's income under section 16(1)(c). en-us Tue, 11 Nov 1975 00:00:00 +0530 Thu, 08 Apr 2010 10:27:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38652 A trust is not treated as revocable under the first proviso to section 16(1)(c) of the Indian Income-tax Act, 1922 unless the deed itself enables the settlor to reassume power, directly or indirectly, over the income or assets by retransfer or equivalent control. On a proper reading of the trust deed and rectification deed, the clause excluding accountability and the powers reserved to the settlor as trustee did not create any legal right to take the trust property or income outside the trust. The disputed income therefore could not be included in the assessee's income under section 16(1)(c). Case-Laws Income Tax Tue, 11 Nov 1975 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38652