https://www.taxtmi.com/caselaws?id=69142 The Tribunal upheld the decision of the CIT (Appeals) to exclude share income from a family trust in the total income of the assessee, ruling that double taxation was impermissible. The trust had already been assessed at the maximum marginal tax rate, and the inclusion of its income in the assessee's total income for rate purposes was deemed unnecessary. The Tribunal emphasized that income should not be subject to double taxation unless specifically provided for in the law, and determined that the Assessing Officer's actions were not permissible. The appeal was dismissed, affirming the exclusion of the share income from the trust. en-us Fri, 23 Jul 1993 00:00:00 +0530 Mon, 13 Jun 2011 17:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69142 The Tribunal upheld the decision of the CIT (Appeals) to exclude share income from a family trust in the total income of the assessee, ruling that double taxation was impermissible. The trust had already been assessed at the maximum marginal tax rate, and the inclusion of its income in the assessee's total income for rate purposes was deemed unnecessary. The Tribunal emphasized that income should not be subject to double taxation unless specifically provided for in the law, and determined that the Assessing Officer's actions were not permissible. The appeal was dismissed, affirming the exclusion of the share income from the trust. Case-Laws Income Tax Fri, 23 Jul 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69142