Supreme Court rules on Revenue's appeals regarding discretionary trusts distribution

The Supreme Court allowed the Revenue's appeals against the Gujarat HC's judgment on distributions from discretionary trusts. The first question was decided in favor of the Revenue, following precedent. The second question was remitted to the HC for review. Appeals were partly allowed, and the matters were remanded to the HC without costs.

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The Supreme Court allowed the Revenue's appeals against the Gujarat High Court's judgment regarding distributions from discretionary trusts. The first question was answered in favor of the Revenue, following a previous court decision. The second question was remitted back to the High Court for consideration. Appeals were allowed in part, and the matters were sent back to the High Court with no costs.

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