https://www.taxtmi.com/caselaws?id=276810 Income placed in trust for a minor daughter was not includible in the assessee's total income under section 16(3)(b) because the minor had no present right or beneficial interest during minority and the receipt was impressed with a subsisting trust. The High Court also held that amounts received under the family trust were not taxable in the assessee's individual capacity, since he received them as trustee and section 41 required assessment in that representative capacity. Both tax questions were answered in favour of the assessee and against the Revenue. en-us Thu, 25 Sep 1958 00:00:00 +0530 Sat, 17 Nov 2018 17:58:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=276810 Income placed in trust for a minor daughter was not includible in the assessee's total income under section 16(3)(b) because the minor had no present right or beneficial interest during minority and the receipt was impressed with a subsisting trust. The High Court also held that amounts received under the family trust were not taxable in the assessee's individual capacity, since he received them as trustee and section 41 required assessment in that representative capacity. Both tax questions were answered in favour of the assessee and against the Revenue. Case-Laws Income Tax Thu, 25 Sep 1958 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=276810