https://www.taxtmi.com/caselaws?id=65989 Discretionary trust income was not assessable directly in the beneficiary's hands where the trust deed left application of income to the trustee's discretion for maintenance, education or advancement, and transfer of the fund was postponed until the beneficiary attained 25 years. Because the beneficiary had neither actually received income nor possessed an enforceable right to it during the relevant years, the interest in the trust fund and accumulated income remained contingent. On those facts, income had not accrued directly to the beneficiary, and the trustee was the proper person to be assessed on the trust income. en-us Mon, 30 Jul 1984 00:00:00 +0530 Sat, 19 Feb 2011 16:58:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65989 Discretionary trust income was not assessable directly in the beneficiary's hands where the trust deed left application of income to the trustee's discretion for maintenance, education or advancement, and transfer of the fund was postponed until the beneficiary attained 25 years. Because the beneficiary had neither actually received income nor possessed an enforceable right to it during the relevant years, the interest in the trust fund and accumulated income remained contingent. On those facts, income had not accrued directly to the beneficiary, and the trustee was the proper person to be assessed on the trust income. Case-Laws Income Tax Mon, 30 Jul 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65989