TMI BlogTransfer of income without transfer of assets.X X X X Extracts X X X X X X X X Extracts X X X X ..... NCLUDED IN TOTAL INCOME OF ASSESSEE Transfer of income without transfer of assets. 96. All income arising to any person by virtue of transfer,-- (a) whether revocable or not, and whether effected ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... shall be clubbed in the income of the transferor but not the transferee (person to whom such income has been transferred). X X X X Extracts X X X X X X X X Extracts X X X X
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