https://www.taxtmi.com/caselaws?id=267589 The Supreme Court held that the income of minor children from a partnership in a firm through a trust could not be taxed at the hands of the individual due to the delayed benefit provision in the trust deeds. The Court emphasized that if the benefit is postponed beyond minority, it cannot be considered a benefit for the minor child. The Court found that the trust deeds did not fulfill the criteria of immediate or deferred benefit for the minors during the assessment year. Therefore, the Court allowed the appeal, setting aside the High Court's judgment. en-us Tue, 14 Jul 2015 00:00:00 +0530 Mon, 09 Nov 2015 10:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267589 The Supreme Court held that the income of minor children from a partnership in a firm through a trust could not be taxed at the hands of the individual due to the delayed benefit provision in the trust deeds. The Court emphasized that if the benefit is postponed beyond minority, it cannot be considered a benefit for the minor child. The Court found that the trust deeds did not fulfill the criteria of immediate or deferred benefit for the minors during the assessment year. Therefore, the Court allowed the appeal, setting aside the High Court's judgment. Case-Laws Income Tax Tue, 14 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267589