https://www.taxtmi.com/caselaws?id=76298 A trust was held not to fall within discretionary trust treatment for assessment under Section 21(4) of the Wealth-tax Act, 1957. The High Court noted that the referred question was identical to an earlier reference already decided against the Revenue, and it followed that binding view without departing from the prior reasoning. On that basis, the Court answered the reference in favour of the assessee and rejected assessment under the discretionary trust provision. en-us Mon, 29 Mar 2010 00:00:00 +0530 Fri, 18 Jun 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=76298 A trust was held not to fall within discretionary trust treatment for assessment under Section 21(4) of the Wealth-tax Act, 1957. The High Court noted that the referred question was identical to an earlier reference already decided against the Revenue, and it followed that binding view without departing from the prior reasoning. On that basis, the Court answered the reference in favour of the assessee and rejected assessment under the discretionary trust provision. Case-Laws Wealth-tax Mon, 29 Mar 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=76298