https://www.taxtmi.com/caselaws?id=21139 The High Court ruled in favor of the assessee trust, allowing the loss on the sale of investments to be considered in computing the income for the assessment year 1984-85. The court emphasized the importance of determining the real income of the trust and excluding losses that do not form part of it. This decision clarified the treatment of losses in trust income computation, highlighting the need to consider the actual income generated by the trust. en-us Wed, 25 Sep 1991 00:00:00 +0530 Fri, 20 Nov 2009 12:58:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21139 The High Court ruled in favor of the assessee trust, allowing the loss on the sale of investments to be considered in computing the income for the assessment year 1984-85. The court emphasized the importance of determining the real income of the trust and excluding losses that do not form part of it. This decision clarified the treatment of losses in trust income computation, highlighting the need to consider the actual income generated by the trust. Case-Laws Income Tax Wed, 25 Sep 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21139