TaxTMI 
TaxTMI 
Total income to include income of any other person.
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.... whether revocable or not, without transfer of the asset from which the income accrues; or (b) any income accruing to any other person, by virtue of a revocable transfer of an asset. (2) The provisions of clause (b) of sub-section (1) shall not apply in a case where— (a) any income accrues from an asset tran....