https://www.taxtmi.com/caselaws?id=66452 The Tribunal ruled in favor of the assessees, holding that the income from trusts created for minor children should not be aggregated with the parents' income under Section 64(1)(iii) of the Income-tax Act. The Tribunal found that the discretionary benefits for maintenance and education during minority did not constitute an immediate vested right for aggregation. As the income was to be accumulated and distributed only after the minors reached majority, the Tribunal allowed the appeals and deleted the addition of share incomes related to the trusts and minor children. en-us Thu, 31 May 1984 00:00:00 +0530 Thu, 24 Feb 2011 17:46:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66452 The Tribunal ruled in favor of the assessees, holding that the income from trusts created for minor children should not be aggregated with the parents' income under Section 64(1)(iii) of the Income-tax Act. The Tribunal found that the discretionary benefits for maintenance and education during minority did not constitute an immediate vested right for aggregation. As the income was to be accumulated and distributed only after the minors reached majority, the Tribunal allowed the appeals and deleted the addition of share incomes related to the trusts and minor children. Case-Laws Income Tax Thu, 31 May 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66452