https://www.taxtmi.com/caselaws?id=12524 The High Court ruled in favor of the assessee in both sets of references, determining that the income of Sharad Family Trust was not taxable in the hands of the managing trustee. Additionally, the Court held that the income of the trust should not be included in the individual income of the managing trustee under section 60 of the Income-tax Act, 1961. en-us Thu, 14 Feb 2002 00:00:00 +0530 Tue, 19 May 2009 18:14:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12524 The High Court ruled in favor of the assessee in both sets of references, determining that the income of Sharad Family Trust was not taxable in the hands of the managing trustee. Additionally, the Court held that the income of the trust should not be included in the individual income of the managing trustee under section 60 of the Income-tax Act, 1961. Case-Laws Income Tax Thu, 14 Feb 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12524