https://www.taxtmi.com/caselaws?id=5695 The Supreme Court ruled that in a case involving the assessment of profits distributed among beneficiaries of a trust, the income should be assessed in the hands of the beneficiaries. The Court referred to a previous decision in CIT v. Kamalini Khatau [1994] 209 ITR 101 to support this conclusion. The appeals were allowed in favor of the assessee with no order as to costs. (1998 (1) TMI 5 - SC) en-us Thu, 22 Jan 1998 00:00:00 +0530 Wed, 29 Aug 2018 16:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5695 The Supreme Court ruled that in a case involving the assessment of profits distributed among beneficiaries of a trust, the income should be assessed in the hands of the beneficiaries. The Court referred to a previous decision in CIT v. Kamalini Khatau [1994] 209 ITR 101 to support this conclusion. The appeals were allowed in favor of the assessee with no order as to costs. (1998 (1) TMI 5 - SC) Case-Laws Income Tax Thu, 22 Jan 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5695