https://www.taxtmi.com/caselaws?id=361024 The Tribunal allowed the appeal filed by the assessee and dismissed the appeal filed by the revenue. It held that the interest income was not taxable in the hands of the assessee, applying the principle of diversion of income at source by overriding title and considering the trust as revocable with contributions being revocable transfers. The Tribunal's decision aligned with the case law precedent, ruling in favor of the assessee. en-us Wed, 23 May 2018 00:00:00 +0530 Mon, 28 May 2018 09:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=361024 The Tribunal allowed the appeal filed by the assessee and dismissed the appeal filed by the revenue. It held that the interest income was not taxable in the hands of the assessee, applying the principle of diversion of income at source by overriding title and considering the trust as revocable with contributions being revocable transfers. The Tribunal's decision aligned with the case law precedent, ruling in favor of the assessee. Case-Laws Income Tax Wed, 23 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=361024