https://www.taxtmi.com/highlights?id=4573 The fact that the trust had borne the tax at maximum marginal rate on its income has also not been controverted. Therefore the addition cannot be upheld on the applicability of clause (vi) of sub-section (2) of section 56 as the money received by the assessee is not "without consideration". - AT en-us Fri, 27 Jul 2012 07:58:05 +0530 Fri, 27 Jul 2012 07:58:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=4573 The fact that the trust had borne the tax at maximum marginal rate on its income has also not been controverted. Therefore the addition cannot be upheld on the applicability of clause (vi) of sub-section (2) of section 56 as the money received by the assessee is not "without consideration". - AT Highlights Income Tax Fri, 27 Jul 2012 07:58:05 +0530 https://www.taxtmi.com/highlights?id=4573