State Govt payments to trustee not taxable income per High Court; Tribunal decision upheld.

The High Court of Uttarakhand held that money received by the assessee from the State Government for distribution was not taxable income as the assessee acted as a trustee. The Tribunal reversed the Commissioner of Appeals' additions, ruling that no income accrued to the assessee. The appeal was dismissed in line with the Tribunal's decision.

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The High Court of Uttarakhand ruled that money received by the assessee from the State Government for distribution was not considered as income, as the assessee was acting as a trustee for others. The Tribunal overturned the additions made by the Commissioner of Appeals, stating that no income accrued to the assessee. The appeal was dismissed based on the Tribunal's conclusion.

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