https://www.taxtmi.com/caselaws?id=22634 Where beneficiaries had already been assessed on their respective interests, the Wealth-tax Officer could not separately assess the trust property. The Bombay HC noted that the issue was governed by binding precedent of the same court, stated to have been approved by the Supreme Court, and on that basis answered the reference against the Revenue and in favour of the assessee. en-us Fri, 15 Jun 1990 00:00:00 +0530 Fri, 11 Dec 2009 16:12:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22634 Where beneficiaries had already been assessed on their respective interests, the Wealth-tax Officer could not separately assess the trust property. The Bombay HC noted that the issue was governed by binding precedent of the same court, stated to have been approved by the Supreme Court, and on that basis answered the reference against the Revenue and in favour of the assessee. Case-Laws Income Tax Fri, 15 Jun 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22634