For the purposes of sections 60, 61 and 62 and of this section,-
(a) a transfer shall be deemed to be revocable if-
(i) it contains any provision for the re-transfer directly or indirectly of the whole or any part of the income or assets to the transferor, or
(ii) it, in any way, gives the transferor a right to re-assume power directly or indirectly over the whole or any part of the income or assets ;
(b) "transfer" includes any settlement, trust, covenant, agreement or arrangement.
Section 55 Meaning of adjusted, cost of improvement and cost of acquisition
Section 55A Reference to Valuation Officer
Section 56 Income from other sources
Section 58 Amounts not deductible
Section 59 Profits chargeable to tax
Section 60 Transfer of income where there is no transfer of assets
Section 61 Revocable transfer of assets
Section 62 Transfer irrevocable for a specified period
Section 63 Transfer and revocable transfer defined
Section 64 Income of individual to include income of spouse, minor child, etc