https://www.taxtmi.com/caselaws?id=20433 The High Court of GUJARAT ruled that the assessee had no reversionary interest in the trust funds as per the trust indentures. The court upheld the Tribunal's decision that the assessee was not entitled to any amount from the trusts, even if remaining unmarried. It confirmed the deletion of additions by the Tribunal and disposed of the case in favor of the assessee, clarifying the trustees' obligations and the absence of reversionary interest. The court's decision emphasized the correctness of the Tribunal's findings and concluded that the assessee had no entitlement to the trust funds during the relevant assessment years. en-us Wed, 09 Jun 1993 00:00:00 +0530 Sat, 14 Nov 2009 10:08:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20433 The High Court of GUJARAT ruled that the assessee had no reversionary interest in the trust funds as per the trust indentures. The court upheld the Tribunal's decision that the assessee was not entitled to any amount from the trusts, even if remaining unmarried. It confirmed the deletion of additions by the Tribunal and disposed of the case in favor of the assessee, clarifying the trustees' obligations and the absence of reversionary interest. The court's decision emphasized the correctness of the Tribunal's findings and concluded that the assessee had no entitlement to the trust funds during the relevant assessment years. Case-Laws Wealth-tax Wed, 09 Jun 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20433