https://www.taxtmi.com/caselaws?id=77806 The court ruled in favor of the appellant on all issues. The U.K. trusts were considered discretionary, and the income retained by the trustees could not be taxed under section 166. Previous decisions of the Settlement Commission and the Supreme Court were not binding for the current assessment years. Double taxation of income taxed in the U.K. and India was rejected, and the court excluded income from the U.S. trusts for the assessment year 1987-88. en-us Fri, 12 Sep 2008 00:00:00 +0530 Tue, 12 Oct 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=77806 The court ruled in favor of the appellant on all issues. The U.K. trusts were considered discretionary, and the income retained by the trustees could not be taxed under section 166. Previous decisions of the Settlement Commission and the Supreme Court were not binding for the current assessment years. Double taxation of income taxed in the U.K. and India was rejected, and the court excluded income from the U.S. trusts for the assessment year 1987-88. Case-Laws Income Tax Fri, 12 Sep 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=77806