https://www.taxtmi.com/caselaws?id=9842 The court ruled that the share income of minors, beneficiaries of a trust partnered with a registered firm, should not be included in the individual/assessee's total income if the income is held in the trust until the minors reach majority. The court favored the assessee, stating that the precedent in CIT v. K.J. Ramaswamy no longer applies, following the Supreme Court's decision in CIT v. M.R. Doshi. en-us Mon, 07 Aug 2006 00:00:00 +0530 Thu, 02 Jul 2009 09:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9842 The court ruled that the share income of minors, beneficiaries of a trust partnered with a registered firm, should not be included in the individual/assessee's total income if the income is held in the trust until the minors reach majority. The court favored the assessee, stating that the precedent in CIT v. K.J. Ramaswamy no longer applies, following the Supreme Court's decision in CIT v. M.R. Doshi. Case-Laws Income Tax Mon, 07 Aug 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9842