https://www.taxtmi.com/caselaws?id=26101 The High Court declared the transfer of shares from Raja Baldeodas Birla Santati Kosh to Birla Jankalyan Trust as void due to lack of consent from major beneficiaries and civil court approval for minor beneficiaries. The income from the transferred shares was held assessable to Santati Kosh despite the transfer being void. Expenses claimed by Santati Kosh were disallowed as they were not deemed to be solely for earning income. The High Court directed the Tribunal to provide further clarification on the transfer basis and consent issues, while leaving the parties to bear their own costs. en-us Thu, 08 Aug 1985 00:00:00 +0530 Tue, 02 Feb 2010 17:22:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26101 The High Court declared the transfer of shares from Raja Baldeodas Birla Santati Kosh to Birla Jankalyan Trust as void due to lack of consent from major beneficiaries and civil court approval for minor beneficiaries. The income from the transferred shares was held assessable to Santati Kosh despite the transfer being void. Expenses claimed by Santati Kosh were disallowed as they were not deemed to be solely for earning income. The High Court directed the Tribunal to provide further clarification on the transfer basis and consent issues, while leaving the parties to bear their own costs. Case-Laws Income Tax Thu, 08 Aug 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26101