https://www.taxtmi.com/caselaws?id=25831 The High Court of Madhya Pradesh ruled in favor of the assessee, holding that the income from a private trust could not be taxed in the hands of the assessee as an individual. The court emphasized that despite the assessee treating the property as individual, it remained part of the Hindu undivided family, as established by legal precedents. The court referred to relevant case law to support its decision and concluded that the Tribunal's decision to tax the trust's income in the hands of the assessee was not justified. The court answered the reference question in the negative, directing each party to bear their own costs. en-us Fri, 01 Aug 1986 00:00:00 +0530 Mon, 01 Feb 2010 12:05:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25831 The High Court of Madhya Pradesh ruled in favor of the assessee, holding that the income from a private trust could not be taxed in the hands of the assessee as an individual. The court emphasized that despite the assessee treating the property as individual, it remained part of the Hindu undivided family, as established by legal precedents. The court referred to relevant case law to support its decision and concluded that the Tribunal's decision to tax the trust's income in the hands of the assessee was not justified. The court answered the reference question in the negative, directing each party to bear their own costs. Case-Laws Income Tax Fri, 01 Aug 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25831