Tag Archives: section 64(1)(vii)

No Clubbing of Income if Trust created for minor after Divorce

By | February 8, 2016

Issue Whether the trust created by the assessee for the benefit of his minor daughter in obedience to the terms of decree of divorce passed against him under the provisions of Parsis Marriage & Divorce Act, 1936, in a suit brought against him by his wife, was for adequate consideration and, therefore, would not fall within the scope of section… Read More »