https://www.taxtmi.com/caselaws?id=179068 Trust income paid to a beneficiary was held not to be assessable again in the hands of the trustees once the same amount had already been validly assessed in the beneficiary's hands under section 41(2) of the Income-tax Act, 1922. The income was not treated as diverted at source by an overriding title, and it was not an admissible charge on the trust property under section 9(1)(iv). The operative principle is that section 41 allowed alternative modes of assessment, but the same income could not be taxed twice after assessment and recovery from the beneficiary. en-us Tue, 09 Oct 1962 00:00:00 +0530 Fri, 19 Feb 2016 12:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179068 Trust income paid to a beneficiary was held not to be assessable again in the hands of the trustees once the same amount had already been validly assessed in the beneficiary's hands under section 41(2) of the Income-tax Act, 1922. The income was not treated as diverted at source by an overriding title, and it was not an admissible charge on the trust property under section 9(1)(iv). The operative principle is that section 41 allowed alternative modes of assessment, but the same income could not be taxed twice after assessment and recovery from the beneficiary. Case-Laws Income Tax Tue, 09 Oct 1962 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179068