https://www.taxtmi.com/caselaws?id=25665 The court concluded that the entire commission income should be assessed in the hands of the assessee as there was no transfer of assets from which the income arose, and the income was merely applied to the trust after it had accrued. The Tribunal's decision that only 1/3rd of the commission income was assessable in the hands of the assessee was deemed incorrect. The court answered the question referred to it in the negative, against the assessee and in favor of the Revenue. en-us Tue, 03 Mar 1987 00:00:00 +0530 Sat, 30 Jan 2010 10:55:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25665 The court concluded that the entire commission income should be assessed in the hands of the assessee as there was no transfer of assets from which the income arose, and the income was merely applied to the trust after it had accrued. The Tribunal's decision that only 1/3rd of the commission income was assessable in the hands of the assessee was deemed incorrect. The court answered the question referred to it in the negative, against the assessee and in favor of the Revenue. Case-Laws Income Tax Tue, 03 Mar 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25665