Court Rules Trust Not Discretionary Despite 50% Income Accumulation for 19 Years; Tax Rate Unaffected.

Court Rules Trust Not Discretionary Despite 50% Income Accumulation for 19 Years; Tax Rate Unaffected. https://www.taxtmi.com/highlights?id=19731 Rate of tax - income of Trust - Merely because 50% of the income and their respective shares were to be accumulated as a special fund in the hands of the trustees for 19 years and the same were to be paid after a period of 19 years, it cannot be said that the Trust is discretionary Trust - HC en-us Thu, 21 Aug 2014 12:03:01 +0530 Thu, 21 Aug 2014 12:03:01 +0530 TaxTMI RSS Generator Court Rules Trust Not Discretionary Despite 50% Income Accumulation for 19 Years; Tax Rate Unaffected. https://www.taxtmi.com/highlights?id=19731 Rate of tax - income of Trust - Merely because 50% of the income and their respective shares were to be accumulated as a special fund in the hands of the trustees for 19 years and the same were to be paid after a period of 19 years, it cannot be said that the Trust is discretionary Trust - HC Highlights Income Tax Thu, 21 Aug 2014 12:03:01 +0530 https://www.taxtmi.com/highlights?id=19731