https://www.taxtmi.com/caselaws?id=285698 The Court held that the sum of Rs. 1,50,000 received by the assessees was taxable as it constituted an accelerated payment of income remitted to Ahmedabad. It also ruled that the tax paid by beneficiaries should be set off against the trustees' tax liability to prevent double taxation. However, the question regarding the authority of the Income-tax Officer to proceed against trustees when assessments had already been made against beneficiaries was left unanswered as it was not raised by the appropriate party. en-us Tue, 24 Sep 1957 00:00:00 +0530 Wed, 22 Jan 2020 17:22:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285698 The Court held that the sum of Rs. 1,50,000 received by the assessees was taxable as it constituted an accelerated payment of income remitted to Ahmedabad. It also ruled that the tax paid by beneficiaries should be set off against the trustees' tax liability to prevent double taxation. However, the question regarding the authority of the Income-tax Officer to proceed against trustees when assessments had already been made against beneficiaries was left unanswered as it was not raised by the appropriate party. Case-Laws Income Tax Tue, 24 Sep 1957 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285698