https://www.taxtmi.com/caselaws?id=22704 The court held that there was no direct or indirect transfer of assets by the assessee to his minor children or for their benefit. The creation of Lalitha Trust and the reallocation of profit shares were not attributable to the assessee. Therefore, the Tribunal correctly deleted the addition of the share income of Lalitha Trust from the assessee's assessment, ruling in favor of the assessee with costs awarded. en-us Fri, 18 Jan 1991 00:00:00 +0530 Sat, 12 Dec 2009 14:06:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22704 The court held that there was no direct or indirect transfer of assets by the assessee to his minor children or for their benefit. The creation of Lalitha Trust and the reallocation of profit shares were not attributable to the assessee. Therefore, the Tribunal correctly deleted the addition of the share income of Lalitha Trust from the assessee's assessment, ruling in favor of the assessee with costs awarded. Case-Laws Income Tax Fri, 18 Jan 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22704