https://www.taxtmi.com/highlights?id=48745 Taxability of withdrawals from private discretionary trust - So far as the beneficiary is concerned, once the source of funds received by beneficiary is explained, taxation could possibly be confined only to the income component - but the settlor has to explain the investments also, which were not accounted for in his books of accounts or disclosed earlier, detected during the search operations en-us Tue, 20 Aug 2019 08:23:34 +0530 Tue, 20 Aug 2019 08:23:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=48745 Taxability of withdrawals from private discretionary trust - So far as the beneficiary is concerned, once the source of funds received by beneficiary is explained, taxation could possibly be confined only to the income component - but the settlor has to explain the investments also, which were not accounted for in his books of accounts or disclosed earlier, detected during the search operations Highlights Income Tax Tue, 20 Aug 2019 08:23:34 +0530 https://www.taxtmi.com/highlights?id=48745