https://www.taxtmi.com/caselaws?id=7461 Income settled for the benefit of a minor child is includible in the settlor's total income under section 16(3)(b) even where the child does not take the corpus and other beneficiaries also share the trust. The provision was read as covering income payable for the minor's benefit, and the relevant amount was included in the assessee's hands. The first proviso to section 9(2) was construed as allowing only one reduction for residential occupation, so no separate deduction could be claimed for each of two residential properties. The note states that both reference questions were answered against the assessee. en-us Thu, 01 Aug 1968 00:00:00 +0530 Fri, 20 Feb 2009 12:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7461 Income settled for the benefit of a minor child is includible in the settlor's total income under section 16(3)(b) even where the child does not take the corpus and other beneficiaries also share the trust. The provision was read as covering income payable for the minor's benefit, and the relevant amount was included in the assessee's hands. The first proviso to section 9(2) was construed as allowing only one reduction for residential occupation, so no separate deduction could be claimed for each of two residential properties. The note states that both reference questions were answered against the assessee. Case-Laws Income Tax Thu, 01 Aug 1968 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7461