Section 60 contemplates income arising to transferee which ...

Income Tax Act Section 60: Tax Transferor on Income from Assets Even Without Actual Transfer to Transferee.

March 7, 2019

Case Laws Income Tax AT

Section 60 contemplates income arising to transferee which should be taxed in the hands of transferor in the event there is no actual transfer of assets from which such income accrued. This fiction u/s 60 operates irrespective of whether the concerned transfer is irrevocable or not.

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Section 60 contemplates income arising to transferee which ...

Income Tax Act Section 60: Tax Transferor on Income from Assets Even Without Actual Transfer to Transferee.

March 7, 2019

Case Laws Income Tax AT

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