https://www.taxtmi.com/caselaws?id=12789 The court ruled in favor of the assessee, holding that the income from the trust property was not liable to be included in the individual's income. The court found that the clubbing provisions of section 64(1)(vii) did not apply as the income from the trust property accrued to the minor children only upon attaining majority. The court emphasized the distinction between tax planning and tax evasion, stating that creating a trust within the legal framework for tax minimization purposes is not equivalent to tax evasion. en-us Thu, 21 Feb 2002 00:00:00 +0530 Fri, 22 May 2009 10:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12789 The court ruled in favor of the assessee, holding that the income from the trust property was not liable to be included in the individual's income. The court found that the clubbing provisions of section 64(1)(vii) did not apply as the income from the trust property accrued to the minor children only upon attaining majority. The court emphasized the distinction between tax planning and tax evasion, stating that creating a trust within the legal framework for tax minimization purposes is not equivalent to tax evasion. Case-Laws Income Tax Thu, 21 Feb 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12789