https://www.taxtmi.com/caselaws?id=66559 The Tribunal allowed the revenue's appeals and set aside the first appellate authority's orders, restoring the assessments made by the Assessing Officer under Section 164. The Tribunal partially allowed another appeal, modifying the assessment to include Rs. 60,000 in the hands of the trustees representing Fatima Fouzia and deleting the balance amount. The capital gains were assessed under Section 164(1) due to unknown and indeterminate beneficiaries, and interest income was divided between the trustees and Fatima Fouzia's children based on court orders. en-us Thu, 28 Apr 1994 00:00:00 +0530 Mon, 28 Feb 2011 12:15:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66559 The Tribunal allowed the revenue's appeals and set aside the first appellate authority's orders, restoring the assessments made by the Assessing Officer under Section 164. The Tribunal partially allowed another appeal, modifying the assessment to include Rs. 60,000 in the hands of the trustees representing Fatima Fouzia and deleting the balance amount. The capital gains were assessed under Section 164(1) due to unknown and indeterminate beneficiaries, and interest income was divided between the trustees and Fatima Fouzia's children based on court orders. Case-Laws Income Tax Thu, 28 Apr 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66559