https://www.taxtmi.com/caselaws?id=18895 Trust income accumulated for a minor beneficiary under a deed postponing payment until she attains 18 years is not taxable in her hands while she lacks a present enforceable right to receive it. Where the corpus and income are payable only upon reaching the stipulated age, and pass to legal heirs if the beneficiary dies earlier, entitlement remains contingent during the postponement period. The income is therefore not includible in the minor beneficiary's taxable income for the relevant assessment year until the condition for payment is fulfilled. en-us Thu, 06 Apr 1995 00:00:00 +0530 Mon, 02 Nov 2009 16:21:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18895 Trust income accumulated for a minor beneficiary under a deed postponing payment until she attains 18 years is not taxable in her hands while she lacks a present enforceable right to receive it. Where the corpus and income are payable only upon reaching the stipulated age, and pass to legal heirs if the beneficiary dies earlier, entitlement remains contingent during the postponement period. The income is therefore not includible in the minor beneficiary's taxable income for the relevant assessment year until the condition for payment is fulfilled. Case-Laws Income Tax Thu, 06 Apr 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18895