TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Case Laws
of of All Case Laws
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Court rules in favor of assessee: Share income diverted to trust not assessable.</h1> The High Court of Gujarat ruled in favor of the assessee, holding that share income diverted to a trust by overriding title could not be assessed in her ... Income The High Court of Gujarat ruled in favor of the assessee, stating that the share income from two firms was diverted to a trust by overriding title and could not be assessed in her hands. The judgment was based on the earlier case law and the declarations made by the assessee regarding the gift of her shares to the trust. The Income-tax Appellate Tribunal was correct in deleting the share of profit added by the Income-tax Officer for the assessment year 1971-72.
TaxTMI 
TaxTMI 
