https://www.taxtmi.com/caselaws?id=247359 The Supreme Court dismissed all 17 civil appeals, including those under the Income Tax and Wealth Tax Acts. The Court held that the U.K. trusts were discretionary, not specific, and the income retained by the trustees was not includible in the taxable income of the settlor or his son for the relevant assessment years. The judgments of the High Court were upheld, and no costs were awarded. en-us Wed, 16 Apr 2014 00:00:00 +0530 Wed, 27 Apr 2022 12:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=247359 The Supreme Court dismissed all 17 civil appeals, including those under the Income Tax and Wealth Tax Acts. The Court held that the U.K. trusts were discretionary, not specific, and the income retained by the trustees was not includible in the taxable income of the settlor or his son for the relevant assessment years. The judgments of the High Court were upheld, and no costs were awarded. Case-Laws Wealth-tax Wed, 16 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247359