https://www.taxtmi.com/caselaws?id=168223 The Court held that once income is finally assessed in the hands of main Trusts and taxes are paid, the same income cannot be taxed again in the hands of beneficiaries. The Court answered in favor of the revenue, stating that the Appellate Tribunal was not correct in assessing the share income of beneficiaries on a substantive basis. The references were disposed of without costs. en-us Tue, 23 Sep 2008 00:00:00 +0530 Wed, 04 Feb 2015 11:32:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=168223 The Court held that once income is finally assessed in the hands of main Trusts and taxes are paid, the same income cannot be taxed again in the hands of beneficiaries. The Court answered in favor of the revenue, stating that the Appellate Tribunal was not correct in assessing the share income of beneficiaries on a substantive basis. The references were disposed of without costs. Case-Laws Income Tax Tue, 23 Sep 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=168223