https://www.taxtmi.com/caselaws?id=71712 The Tribunal dismissed the Revenue's appeals, affirming that the income of each trust for the year should be taxed in the hands of the beneficiaries according to their sharing ratios. The judgment clarified the determination of beneficiaries' shares and the tax implications for the trusts based on the trust deed provisions and legal precedents. en-us Tue, 18 Apr 1978 00:00:00 +0530 Tue, 26 Apr 2011 17:06:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71712 The Tribunal dismissed the Revenue's appeals, affirming that the income of each trust for the year should be taxed in the hands of the beneficiaries according to their sharing ratios. The judgment clarified the determination of beneficiaries' shares and the tax implications for the trusts based on the trust deed provisions and legal precedents. Case-Laws Income Tax Tue, 18 Apr 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71712