https://www.taxtmi.com/caselaws?id=19835 The High Court concluded that the will did not direct the creation of any trust, overturning the lower authorities' decisions. It found that the protective assessment made by the Deputy Commissioner was appropriate, as the property claimed to be of the AOP was not accepted as such. The court emphasized interpreting the will in light of surrounding facts and absence of prior claims of the trust's existence. The High Court directed the Income-tax Appellate Tribunal to refer the questions of law for decision, based on an incorrect interpretation of the will by the Tribunal. en-us Tue, 22 Mar 1994 00:00:00 +0530 Tue, 10 Nov 2009 11:05:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19835 The High Court concluded that the will did not direct the creation of any trust, overturning the lower authorities' decisions. It found that the protective assessment made by the Deputy Commissioner was appropriate, as the property claimed to be of the AOP was not accepted as such. The court emphasized interpreting the will in light of surrounding facts and absence of prior claims of the trust's existence. The High Court directed the Income-tax Appellate Tribunal to refer the questions of law for decision, based on an incorrect interpretation of the will by the Tribunal. Case-Laws Income Tax Tue, 22 Mar 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19835